Lotus unveils F1 plans with Renault

Group Lotus has ramped up its involvement in Formula 1 by becoming title sponsor and a major shareholder in the rebranded Lotus Renault GP Team

Lotus unveils F1 plans with Renault

As AUTOSPORT exclusively revealed in October, Renault has revised its F1 strategy by selling the stake it had in its F1 team back to co-owners Genii Capital and will now focus on being just an engine supplier.

That move has allowed Genii to sell a stake to Group Lotus - which has led to a renaming of the outfit and a move for the team's colours to be in iconic black and gold next year.

The title sponsorship deal with Group Lotus is due to run until the end of the 2017 season, with Renault committing to supply engines to the team for a number of years.

Gerard Lopez, chairman of Renault F1 Team, said about the deal: "We are delighted that we can now go public with the news that we will be racing as Lotus Renault GP in 2011.

"It is extremely exciting to begin a new era for the team in partnership with Group Lotus, and we will continue to enjoy a strong relationship with Renault over the coming seasons. It is a tribute to the excellent work this year by the team in Enstone that we have been able to attract both major sponsorship and new investment for a very bright future."

The announcement of Group Lotus' plans for 2011 comes despite Tony Fernandes pushing on with his plans to race as Team Lotus next year - with his outfit now also having Renault engines and set to run in black and gold colours.

Group Lotus CEO Dany Bahar, who has been pushing aggressively for his company's return to motorsport, added: "I can think of no better platform for automotive brand communications than motorsport and F1 is the very pinnacle of open-wheel racing.

"We're well aware that there has been a lot of controversy around the usage of our brand in F1 and I'm delighted to be able to formally clarify our position once and for all: we are Lotus and we are back."

Visit our gallery for a larger image of the new Lotus Renault GP livery.

shares
comments
The 2010 technical review
Previous article

The 2010 technical review

Next article

Badoer leaves Ferrari test role

Badoer leaves Ferrari test role
Load comments
The lessons F1 can take from the Masi "souk" deal criticisms Plus

The lessons F1 can take from the Masi "souk" deal criticisms

As Formula 1 heads to its Abu Dhabi season finale, the FIA and race director Michael Masi are under increased scrutiny, with radio messages broadcast during last weekend's race prompting discussion and controversy. But what can they learn from the Saudi Arabia debacle?

Why thrilling Jeddah F1 circuit needs to be safer Plus

Why thrilling Jeddah F1 circuit needs to be safer

OPINION: Saudi Arabia's new F1 circuit delivered a memorable first event, although not necessarily for all the right reasons. In the wake of the chaotic race, drivers voiced their concerns about the track but small changes could make significant improvements ahead of a return in four months

The long-term F1 vision causing Haas’s short-term pain Plus

The long-term F1 vision causing Haas’s short-term pain

From ranking as one of the most impressive new teams to join the Formula 1 grid, Haas’s stock has plummeted along with its on-track performances over the past two seasons. Everything now hangs on whether its reforged alliance with Ferrari can deliver a better car – and whether its rookie drivers can set aside their quarrels. OLEG KARPOV asks if any of these goals are achievable…

Formula 1
Dec 8, 2021
The line Verstappen finally crossed in F1's first Jeddah race Plus

The line Verstappen finally crossed in F1's first Jeddah race

OPINION: Max Verstappen has made the 2021 Formula 1 championship. He’s taken the fight to the all-conquering Mercedes squad and its dominant champion, produced driving displays few can match. But he’s been on a controversial course too, and finally crossed a particular line in Jeddah

Formula 1
Dec 7, 2021
Saudi Arabian Grand Prix Driver Ratings Plus

Saudi Arabian Grand Prix Driver Ratings

An ill-tempered Saudi Grand Prix made Formula 1 more soap opera than sporting spectacle at times, but there were some strong performances up and down the field on the world championship's first visit to Jeddah

Formula 1
Dec 6, 2021
How the Jeddah F1 race became a one-sitting Netflix drama series Plus

How the Jeddah F1 race became a one-sitting Netflix drama series

The inaugural Saudi Arabian Grand Prix was a race packed full of incident as Formula 1 2021's title contenders repeatedly clashed on track. Lewis Hamilton won out over Max Verstappen to level the scores heading into next weekend's Abu Dhabi finale, as Jeddah turned F1 into a drama series

Formula 1
Dec 6, 2021
The impressive attitude that earned Albon his second F1 chance Plus

The impressive attitude that earned Albon his second F1 chance

Dropped by Red Bull last season, Alexander Albon has fought back into a Formula 1 seat with Williams. ALEX KALINAUCKAS explains what Albon has done to earn the place soon to be vacated by the highly rated George Russell

Formula 1
Dec 5, 2021
How Formula E factors could negate Red Bull's Jeddah practice gap to Mercedes Plus

How Formula E factors could negate Red Bull's Jeddah practice gap to Mercedes

Mercedes led the way in practice for Formula 1’s first race in Jeddah, where Red Bull was off the pace on both single-lap and long runs. But, if Max Verstappen can reverse the results on Saturday, factors familiar in motorsport’s main electric single-seater category could be decisive in another close battle with Lewis Hamilton

Formula 1
Dec 3, 2021