Lola Shuts Down After Declaring Bankruptcy


Legendary sportscar manufacturer and racing chassis builder forced to shut its doors after failing to find a new buyer.

Times are bad for small automakers in Europe. Gumpert, Melkus, Artega and De Tomaso all recently went bankrupt, and now they're unfortunately in good company. Only this time it's not so much a sportscar manufacturer that has bitten the dust but a racecar builder. The company in question is Lola Cars, a British outfit that specializes in racecar chassis. It's built cars for a variety of Formula One teams, as well as numerous F2, F3, AutoGP and IndyCar squads.

Currently it builds (or was until now building) Le Mans prototypes for Lotus and the SP/300.R for Caterham. Lola officially entered bankruptcy proceedings in May while officials attempted to find a new buyer, but with none emerging, the British company looks poised to close its doors and sell off its assets. The name and patents will remain with parent company Lola Group Holdings, while the Lola Composites division may yet find a buyer, with two parties reportedly expressing interest but as of yet have made no official offers.

You Might Also Like
These Are The Most Extreme Lamborghinis Ever Made
These Are The Most Extreme Lamborghinis Ever Made
10 Incredible Small Cars We'd Love To See In The USA
10 Incredible Small Cars We'd Love To See In The USA

With Lotus trimming its activities, the LMP2 program is likely to be of less concern than the Caterham, which will likely need to make alternate arrangements or else lose the only product it offers that's not based on the old Lotus Seven.

Jaguar XE 300 Sport And XE SV Project 8 Create Modern Art

Two vastly different sports sedans that share a common thread.

All-New Revolutionary Mazda3 Teased Ahead Of LA Reveal

Along with its game-changing sparkless ignition engine.

WatchThe Extraordinary Nissan GT-R50 Being Built By Hand

It’s all about bending sheet metal the old-fashioned way.

Here's How Aerodynamics Make The Lamborghini Aventador SVJ So Much Faster

Take a behind the scenes look at this amazing system.

Fake Lamborghini Murcielago SV Reverse-Engineered By Iran

The Chinese couldn’t have done it better.

Hennessey Trackhawk Is World's Quickest SUV

That's what a thousand horsepower will do for ya.

5 Things You Need To Know About The 2019 BMW X5

After driving the car for the first time, here are our key takeaways.

Watch The BMW M2 Competition Lap The Ring In 7:52

That was supercar territory not long ago.

Kim Jong-un Gets Classy With New Ride

So much for sanctions.

What's Hot