Tag Archive: Group Lotus

Oct 28

Lotus team to sell to ‘Malaysian’ – rumour

There are paddock rumours that F1 team Lotus’ owner Genii may soon be sold.

05 - Lotus F1 Team2012-10-14 - Lotus F1 Team - Korea - Kimi Raikkonen 01The German language Speed Week said it has heard that the likely buyer is from Malaysia. In 2010 and 2011, Malaysian entrepreneur Tony Fernandes’ Caterham team was called Lotus, until a resolution was found to the F1 naming dispute with Group Lotus. Read the rest of this entry »

Jul 07

Genii, the private equity fund that owns the Lotus team, is looking into investing EUR 500 million in the world of football

Lotus owner Genii to spend big on football

2012-06-10_1378Eric Lux - Genii CapitalTeam owners Gerard Lopez and Eric Lux are eyeing five second-tier European clubs as well as a dozen player agencies, academies and media rights companies, the Financial Times reports.

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Jun 18

Bahar to sue Lotus owner over sacking – report

Dany Bahar, the sacked boss of former Lotus F1 Team sponsor Group Lotus, has reportedly decided to sue the struggling sports car maker.

Toyota - Lotus - Dany Bahar - Akio ToyodaLotus logo 2011-12-13The Turkish born Swiss was dismissed at the end of an investigation by Lotus’ owner DRB-Hicom into Bahar’s conduct. That was amid rumours Bahar used Lotus funds to extensively refurbish his several houses. The Swiss newspaper Bilanz reports that Bahar is filing a suit in London’s High Court for wrongful termination.

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Jun 10

Bad news chasing Lotus team at present

There is little good news to report about the Lotus F1 team at present.

Lotus logo 2011-12-13Toyota - Lotus - Dany Bahar - Akio ToyodaThe UK financial website thisismoney.co.uk reports that the Enstone based team has recorded a $32 million pre-tax loss for last year.

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Apr 26

F1 owner Genii considers buying Group Lotus

Rumours that F1 team owner Genii is contemplating buying the Group Lotus sports car company are continuing to gain steam.

2011-02-03 - Genii Business Exchange 2Group Lotus plcThat is despite Genii’s Gerard Lopez confirming recently that the Enstone based team has ended its sponsorship deal with the carmaker, even though the team will continue to carry the Lotus name. Read the rest of this entry »

Apr 12

Proton has rights to buy into Lotus team

Proton, the Malaysian carmaker, has an option to buy 10 per cent of the F1 team that bears the name of its sports car marque Lotus.

Proton2012-02-05 - Lotus F1 Team - Launch 03Rumours about Group Lotus’ health ramped up this week after it emerged that its title sponsorship of the Genii-owned Lotus team has been “terminated”. Group Lotus responded angrily to the subsequent speculation, albeit admitting it is grappling with “problems”. Read the rest of this entry »

Apr 10

Lotus to keep F1 name until at least 2017

F1′s Enstone based team will keep the ‘Lotus’ name until at least 2017.

2012-03-24 - Lotus F1 Team - Malaysian Grand Prix - Kimi Raikkonen 002012-03-24 - Lotus F1 Team - Malaysian Grand Prix - Kimi Raikkonen 01It emerged late last week that the sponsorship agreement between the team formerly known as Renault, and the Proton-owned carmaker Group Lotus, has ended. Read the rest of this entry »

Apr 06

Group Lotus no longer Lotus team sponsor

Group Lotus will no longer sponsor the formula one team that bears its name.

2012-03-14 - Lotus F1 Team - 03Lotus LogoBut – as F1′s perpetually bizarre ‘Lotus’ saga takes another twist – the Enstone based team, formerly Renault, will continue to be known as Lotus in the coming years. Read the rest of this entry »

Feb 07

Sauber’s Key headed for Le Mans with Lotus

Sauber’s departing technical boss James Key appears headed for Lotus.

2010-04-17 - BMW Sauber F1 Team - James Key 0205 - Lotus F1 TeamOn the eve of its 2012 car launch, the Swiss team announced that it will not replace the departing Briton Key, who has accepted an offer to work in the UK. Read the rest of this entry »

Jan 31

Lotus will power Lola LMP2 coupe for the 2012 FIA World Endurance Championship

Lotus take on LMP2
Kodewa and Lotus choose Lola LMP technology for 2012

Lotus Lola LMP2 Group Lotus plcCompeting under the team name Lotus with a Lotus engine housed in a brand new Lola LMP2 coupe the team will contend the 2012 FIA WEC which kicks off in Sebring on March 17th. The team of Kodewa, which is running the programme, comprises of experts with a vast pedigree in not only endurance racing but also F1, DTM and lower formulas.

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Jan 27

Raikkonen puts rally hobby on hold for Lotus

Kimi Raikkonen has admitted he will sideline his rallying hobby now that he has returned to formula one full-time.

Kimi Raikkonen test Peugeot2012-01-23 - Lotus F1 Team - Kimi Raikkonen 04F1′s 2007 world champion moved to world rallying two years ago after losing his Ferrari seat. In the meantime, Lotus (formerly Renault) struggled last season in the wake of lead driver Robert Kubica’s horror injuries sustained in a minor Italian rally.

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Jan 10

Lotus ART will have a new name

With the colours that  brought glory to the  auto brand, Black and Gold.
Lotus GP Logo
GP3 - Lotus ART - Valtteri BottasLotus  ART  will  have  a  new  name,  but  the  identity  and  values  of  the  team  remain  the same. Starting in 2012, and for the upcoming seasons, the team led by Frédéric Vasseur and Nicolas Todt will continue its commitment in the GP2 and GP3 Series championships under  the name  Lotus,  with the colours that  brought glory to the  auto brand, Black and Gold.
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Dec 12

Lotus to give Raikkonen time to shake off rust

“He has maybe taken two years, but we have the time for Kimi as well.”

2011-11-29 - Lotus Renault GP - Kimi Raikkonen2011-11-29 - Lotus Renault GP - Kimi Raikkonen (4)Although Dany Bahar has admitted signing Kimi Raikkonen involves Lotus spending “a big amount of money”, he expects the 2007 world champion to be a bit rusty initially.

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Nov 09

Caterham to keep green and yellow Lotus livery

Group Lotus Plc and PROTON Holdings Berhad, 1Malaysia Racing Team, Caterham Cars and Tony Fernandes

2011-10-29 - Team Lotus - India - 022011-08-28 - Team Lotus - Belgium - 01Proton, Group Lotus, 1Malaysia Racing Team and its owner Tony Fernandes are delighted to announce that the legal dispute in the English Courts relating to the “LOTUS” and “TEAM LOTUS” brands has now ended amicably with the parties agreeing settlement terms earlier this month.

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Oct 13

Proton denies selling Lotus to Renault owner Genii

Group Lotus owner Proton has denied the British sports car maker is being sold to formula one team owner Genii.

Proton2011-02-03 - Genii Business Exchange 2Last week, Lotus boss Dany Bahar failed to quell speculation that Genii, the Gerard Lopez-led owner of the Enstone based Renault team, is poised to take over its title sponsor Lotus.

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Oct 12

Boss not sure Chandhok to race Lotus in India

“My heart would love to see him race there”

2011-08-28 - Team Lotus - Belgium - Karun Chandhok 01BuddhInternational CircuitKarun Chandhok might not be given the wheel of a Team Lotus car to contest his country’s inaugural Indian grand prix later this month. In recent months, it seemed likely that Chandhok – the Tony Fernandes-headed team’s reserve driver – would line up a green-liveried car on the first grid at the new Buddh circuit.

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Oct 08

Bahar not denying Genii to buy into Group Lotus

Group Lotus chief Dany Bahar on Saturday declined to quell speculation the sports car carmaker may be taken over by formula one team owner Genii

Toyota - Lotus - Dany Bahar - Akio Toyoda2011-02-03 - Genii Business Exchange 2It has been rumoured at Suzuka that Lotus, currently the title sponsor of Genii’s Enstone based team Renault, is set to resolve its dispute with rival team Team Lotus. That resolution could lead to Team Lotus becoming Caterham and Renault being renamed Lotus in 2012, pending the consent of the F1 Commission and fellow teams. Read the rest of this entry »

Sep 24

Money a factor as Team Lotus eyes 2012 name change

Team Lotus is yet to decide whether to change its official name for the 2012 season and beyond.

2011-08-28 - Team Lotus - Belgium - Jarno Trulli 022011-08-28 - Team Lotus - Belgium - 01In an apparent end to the naming dispute, it was rumoured at Monza two weeks ago that Team Lotus had agreed to instead call itself Caterham, opening the door for Renault to formally adopt the name of its sponsor Group Lotus.

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Sep 23

Lotus to confirm Alesi for 2012 Indy 500

Group Lotus will announce on Friday that Jean Alesi is to contest the fabled Indy 500 next year.

Lotus LogoJean AlesiFrenchman Alesi, a veteran of more than 200 grands prix, is already a brand ambassador for the sports car maker, the Renault title sponsor.

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Sep 20

Good news for Renault amid 2011 ‘difficulties’

Enstone based F1 team Renault plans to have a new driver simulator up and running in time for the 2012 season.

2011-07-30 - Lotus Renault GP - Hungary - Nick Heidfeld 012011-07-24 - Lotus Renault GP - Germany - 01The outfit announced on Monday that the local council has granted permission for the new facility to be situated next to the upgraded wind tunnel. Renault, whose existing simulator was once derided by then team driver Fernando Alonso as no better than a Playstation, said “building work will begin imminently”.

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