Today Team Lotus steps back out of F1 and Caterham F1 comes to life as part of the deal which saw Group Lotus and Tony Fernandes end the dispute over the use of the Lotus name in F1.
Meanwhile Lotus Renault will race in black and gold.
Speaking in the final edition of its e-magazine Team Lotus Notes Fernandes said, “With Team Lotus, I would have battled to the end if I felt it was the right thing to do, but when you take a dispassionate look at where we were it made absolute sense to start with a clean sheet, and Caterham has given us that chance.”
“It’s the best possible solution for where we want to go – partly because it gives us complete control over everything we do and, obviously, because there’s simply no point racing to promote a road car company I don’t own. The road car business has always been a sector I’ve wanted to explore and so here we are. But I can’t stress enough; this is a serious business venture for us.”
Fernandes plans to move the road car production facilities and F1 facilities under the same roof in Leafield, Oxfordshire. The F1 team will move there during the early season flyaway races of 2012.