Posted on April 11, 2012

Group Lotus has moved to deny suggestions that it has ended its formal involvement in Formula 1, the sportscar firm revealing details of a “reshaped” arrangement with the Lotus F1 Team that has seen its owner Proton give the Enstone outfit a £30m loan. In an astonishingly strongly-worded statement issued by the British-based manufacturer this evening hitting back at what it claims have been “mistruths” concerning both its F1 involvement going forward and the wider situation at the company, Group Lotus sought to clarify its relationship with Lotus F1 and Genii Capital following Gerard Lopez’s comments at the end of More…

Posted on April 6, 2012

The use of the Lotus name in Formula 1 proved one of the most bitter and protracted sagas of recent times but a story that appeared to reach its resolution late last year has today taken a dramatic new turn with the revelation that the recently-rebranded Lotus F1 Team has cut all sponsorship ties with Group Lotus, little more than one season into a seven-year deal. Genii Capital co-owner Gerard Lopez, whose Luxembourg-based investment company owns the Enstone-based former Renault team outright, has told Autosport that the title sponsorship agreement that he signed with Group Lotus in late 2010 has More…

Posted on November 9, 2011

Group Lotus, Proton, 1Malaysia Racing Team and the current Team Lotus have announced today that the legal dispute surrounding the names of Team Lotus and Renault Lotus is now officially over. As of 2012, Team Lotus will become Caterham F1 Team and Lotus Renault will be rebranded purely as Lotus. Through the settlement, the “Lotus” brand has been re-established under the sole ownership of “Group Lotus”, which includes the use of the name throughout Formula One. This means that any relations between Tony Fernandes and Group Lotus has come to an end. The 1Malaysia Racing Team (1MRT), which is owned More…

Posted on May 27, 2011

The High Court in London has ruled that Tony Fernandes’ Team Lotus does have the right to use the Team Lotus name in F1. Group Lotus has indicated that it is likely to appeal and the judge acknowledges that the ruling, which leaves two Lotus entities in F1, is confusing for fans. Both sides are claiming it as a win, when it leaves neither with all of what they needed. However Fernandes does not have the right to simply “Lotus” on its own and this could present some difficulties as the chassis is currently a Lotus. One could argue that More…

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