November 9, 2011
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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.