Tag Archives: Group Lotus

Lotus, Renault and Virgin to change names for 2012

Lotus will be known as Caterham next year

Lotus will be known as Caterham next year

The Lotus vs Lotus battle has finally come to a conclusion, with both teams agreeing to change team names for the 2012 season.

Meanwhile, Virgin will formally change their name to Marussia, who began sponsoring the team several months ago.

Tony Fernandes’ outfit, currently racing as Team Lotus, will soon be known as Caterham. They will race under the name of “Caterham F1 Team” and will use a Caterham chassis.

Team Lotus CEO Riad Asmat had some interesting words to say about their team moving away from the Lotus-Renault dispute:

"We are proud of what we have achieved by bringing the Team Lotus name back to 
Formula 1 when many tried and although we are sad to say goodbye to Team Lotus 
we are excited about owning our own future and being in control of our own destiny.

Now we have no one to be compared to. We make our own history and we will remain 
green and yellow.

Now we look forward to an exciting future racing under our new team name of 
Caterham F1 Team. Please continue to support our very special spirit of never say
die and support us on the track as we move up the field and demonstrate that the 
good do win."

The Renault team, which is sponsored by Group Lotus (who operate Lotus road cars), will now take control of the Lotus name. Earlier this year, the British High Court ruled that Renault did not have the rights to use the “Team Lotus” name, which has now been settled with this announcement.

Lotus-Renault sticking with Boullier as team boss

This is the third article from Murai Kadam:

Eric Boullier will remain team principal of Lotus-Renault

Eric Boullier will remain team principal of Lotus-Renault

While Group Lotus entered Formula 1 with major partnership, Eric Boullier will remain as the team principal.

 

Appointed by new owners Genii Capital for 2010, Boullier has led the team this year, but Group Lotus’ high profile CEO Dany Bahar has been conspicuous since the takeover announcement this week.

Bahar is well experienced in F1, having been in roles within the Red Bull and Ferrari teams, but he has told F1’s official website:

 Given their (Renault's) performance this year, the structure 
really works, so we have no plans whatsoever to change this."

With the French carmaker Renault now completely bought out, Bahar refused to comment upon which percentage of the team is owned by Genii and Group Lotus:

 "Whether it is 40, 50 or 60 per cent is something that does 
not really matter."
"What matters is that it is a real partnership with clearly 
defined roles and responsibilities."

Group Lotus owner Proton’s chariman, Datuk Seri Mohd Nadzmi Mohd Salleh, revealed on Friday:

 "Lotus' spending in F1 will come from a portion of its 
marketing budget of between 15 and 20 million per annum."

Renault bought by Group Lotus, to become Lotus-Renault for 2011

The following article is the first post from a new contributor, Murai Kadam:

The Lotus livery on this year's Renault R30

The Lotus livery on this year's Renault R30

The Malaysian owned car maker Group Lotus has taken a 50 per cent
stake in Lotus Renault worth $100 million and has become its title
sponsor, the remaining 50 per cent will under control of the current
owners, pending rumours of a full takeover.

The news are coming about Group Lotus will be taking full control of the outfit in the next few years. Though nothing has been decided yet about future plans, the Lotus CEO Dany Bahar has hinted about a full takeover:

"Our way of doing things means that at the end of the project we would
like to control it ourselves."

Though there has been some court disputes over the Lotus name, as Tony
Fernandes’ Team Lotus raced in 2009 but their plan has been spoiled with Group
Lotus’ F1 entry, so there might be two teams on the grid branded as
Lotus. Also, both of the teams want to keep the iconic Gold and Black
colour.

‘Lotus Renault GP’ plans were unveiled on Wednesday, also the releasing photos of a re-livered R30 car said its cars will also be black and gold next year. Reverting to this Team Lotus owner Tony Fernandes accused Group Lotus CEO Dany Bahar of “hijacking” Team Lotus’ livery plans, but Renault team owner Gerard Lopez said the opposite is in fact true. Bahar said that he would look at this as extra promotion for his brand, rather than a potential confusion or competition. And he feels that four are better than two.

The reason to link with Renault rather than Lotus racing is for cost reduction, as to build a winning team in Formula One from scratch is not affordable. And that’s why Group Lotus has decided to go with one of the top five teams because there is the potential to go back to where they were when they were winning world championship titles.

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