Caterham is the latest hotbed of formula one rumours.
Tag Archive: Group Lotus
There are paddock rumours that F1 team Lotus’ owner Genii may soon be sold.
The 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.
Dany Bahar, the sacked boss of former Lotus F1 Team sponsor Group Lotus, has reportedly decided to sue the struggling sports car maker.
The 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.
Rumours that F1 team owner Genii is contemplating buying the Group Lotus sports car company are continuing to gain steam.
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.
Rumours 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”.
Lotus take on LMP2
Kodewa and Lotus choose Lola LMP technology for 2012
Competing 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.
Kimi Raikkonen has admitted he will sideline his rallying hobby now that he has returned to formula one full-time.
F1’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.
With the colours that brought glory to the auto brand, Black and Gold.
Lotus 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.
Group Lotus Plc and PROTON Holdings Berhad, 1Malaysia Racing Team, Caterham Cars and Tony Fernandes
Proton, 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.
“My heart would love to see him race there”
Karun 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.
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
It 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.
Team Lotus is yet to decide whether to change its official name for the 2012 season and beyond.
In 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.