World news – Lola Cars branded and technical assets offered for sale

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The British sports car maker and former Formula 1 participant Lola has been put up for sale, which could lead to the return of the well-known brand to modern motorsport.

The Lola technology center and wind tunnel have been open for offers since 2018 . Now the brand itself, brands and the technical archive are also available.

Lola designed and produced nearly 5000 cars between 1958 and 2012 and achieved success in many areas of motorsport, including endurance racing, indycar, Formula 5000 and junior single-seaters.

John Surtees took one pole position and two second places in Formula 1 with Lola machines in 1962, and the brand also supplied cars for individual categories such as A1GP and the Formula 3000 after 1995 as well as touring cars with MG.

Founder Eric Broadley ran Lola until 1997 when businessman and ex-racing driver Martin Birrane bought it and invested in new facilities.

The plant closed its doors to racing car production in 2012, but the Lola name has continued to be part of modern day motorsport ever since through the ongoing services of the Lola Technical Center, which continues to provide wind tunnel testing and related services to a small number of companies, racing teams as well as road vehicle manufacturers.

A statement from Lola stated: « Martin Birrane valued ‘everything Lola’ and his family’s goal now is to find a buyer with the ambition, tenacity and drive to move on to the next chapter in Lol ting 62 years of illustrious history. « 

 » It is preferred to sell everything in one package. However, consideration is being given to separating the sale of the wind tunnel and the Lola property. The target price is £ 7 million.

« This opportunity is expected to be of interest to anyone looking to restore the Lola brand’s position in modern motorsport, providing third party engineering services, genuine Lola replacement parts supplies to support the thousands of Lola cars that still race today and continues to make cars like the iconic Lola Mk1 and T70 and make Lola racing cars and supercars. « 

In addition to the 10,500 square foot Lola Technical Center and the wind tunnel, the sale includes the Lola brand, its registered trademarks, an extensive technical drawing library as well as various tools, equipment, wind tunnel spare parts and a 7-post chassis development device.

Also included is the special Lola tool, that put back into service for the production of a small batch of T70 Mk3B continuation vehicles for historic races was.

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Related Title :
Lola Cars Brand and Technical Assets for Sale
>> Lola Cars brand and technical assets for sale

Ref: https://www.autosport.com

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