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.
Enstone based F1 team Renault plans to have a new driver simulator up and running in time for the 2012 season.
The 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”.
Tony Fernandes has hinted strongly that he will drop the Team Lotus name for his formula one team ahead of the 2012 season.
The Malaysian entrepreneur has been locked in a bitter dispute with Renault sponsor Group Lotus but won the legal right to keep deploying the name for his Hingham-based team. But Fernandes, also the owner of the AirAsia airline, has subsequently bought the British specialist sports car maker Caterham and renamed his GP2 team Caterham Team AirAsia.
Speculation reported on Friday about the future of Team Lotus’ identity might have been wide of the mark.
The Finnish newspaper Turun Sanomat said Tony Fernandes’ outfit will probably be renamed Caterham Team AirAsia for 2012, with the Lotus logos to be dropped as soon as the forthcoming Italian grand prix at Monza.
Tony Fernandes’ formula one team will probably be renamed ‘Caterham Team AirAsia’ ahead of the 2012 season.
And Turun Sanomat correspondent Heikki Kulta also reports that, as the long naming dispute with Proton’s Group Lotus comes to an end, the Lotus logo will be removed from the green T128 cars with almost immediate effect.
“Great day for Team Lotus in court.”
Renault sponsor Group Lotus has apparently lost the right to appeal the outcome of the recent naming dispute. In London’s High Court last month, Tony Fernandes’ separate Team Lotus formula one outfit won the court action concerning the use of the iconic name and logo.
Wickham has been seen at grands prix this season
Steve Nielsen has resigned as sporting director at the Renault team, it emerged just before the Canadian grand prix on Sunday. The BBC reported from the Montreal circuit that the Briton, whose tenure in the prominent role takes back to the Flavio Briatore-led period, will stay on board only until September’s Singapore grand prix.