Lola Cars, one of the most important marques in modern sports car racing, has been rescued from bankruptcy.
Lola Group Holdings, owners of the automobile designs and “Lola” brand name, has concluded a deal with Carl A. Hass Automotive and Multimatic Engineering to continue the production of Lola chassis and parts and possibly new Lola designs for the future.
“The news of this agreement comes at a very pivotal moment in Lola’s history,” Lola owner Martin Birrane told Endurance-Info.com. “The economic downturn, which has caused difficulties for everyone in motorsport, has taken its toll on the Lola business. However, the Lola brand continues and this agreement with Multimatic and Haas ensures that the legacy of Lola’s success on the track will endure.
