Renault F1 to morph into 'Lotus Renault GP'

Renault F1 to morph into 'Lotus Renault GP'

8 December 2010 – Genii Capital and Group Lotus plc today announced the creation of 'Lotus Renault GP', the successor to the Renault F1 Team that will contest the 2011 FIA Formula One World Championship. The announcement comes as part of a 'strategic alliance' between the two companies and at the moment means there will be two teams running as Lotus next season.

“Following the return of the Lotus name to Formula 1 in 2010, under licence from Group Lotus, this historic announcement marks the complete return of the Lotus manufacturer to the sport, with the full backing of its parent company Proton,” read an announcement to the press.

Group Lotus plc will become a major equity partner of Genii Capital in Lotus Renault GP, and the two parties have concluded a title sponsorship agreement that will run until the end of the 2017 season.

“We are delighted that we can now go public with the news that we will be racing as Lotus Renault GP in 2011,” said Gerard Lopez, Chairman of Renault F1 Team. “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.”

“I can think of no better platform for automotive brand communications than motorsport and F1 is the very pinnacle of open-wheel racing,” added Group Lotus CEO Dany Bahar.

“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.”

The new partnership has been enabled by Renault selling its remaining shares in the team to Genii Capital. Group Lotus plc will subsequently become a major equity partner in Lotus Renault GP, which it will co-own with Genii Capital.

Renault meanwhile will continue its support of the team with which it won the 2005 and 2006 world championships, as a supplier of engines and technological and engineering expertise. Reflecting this, Lotus Renault GP will continue to compete with the Renault chassis name and Renault will enjoy ‘pre-eminent brand exposure’ on the livery.

For 2011, the Lotus Renault GP cars will race in a ‘new interpretation’ of the iconic black and gold colours that were last used when Lotus and Renault joined forces in the 1980s.

Where this leaves Tony Fernandes’ Team Lotus, which is also planning to use the famous ‘John Player’ livery in 2011, as well as Renault engines, is unknown. The dispute between Team Lotus and Group Lotus is currently due to go before the High Court in London next year.

related

Comments

Latest News
Full
Compact

  1. Sunday 28 August 2016

  2. 21:18

    GP2 photos: Sunday at Spa-Francorchamps

    GP2
  3. Seven GP2 drivers handed time penalties 21:17

    Seven GP2 drivers handed time penalties

    Seven GP2 Series drivers have been handed 10-second time penalties for a DRS infraction during the Sprint Race at…

    GP2
  4. 17:43

    F1 photos: Sunday at Spa-Francorchamps

    F1
  5. Magnussen 'will be ready' for Italian GP 17:41

    Magnussen 'will be ready' for Italian GP

    Renault's Kevin Magnussen says he will be fit to compete at next weekend's Italian Grand Prix after a frightening accident at…

    F1
  6. Alonso: Spa showing was 'unthinkable' 17:32

    Alonso: Spa showing was 'unthinkable'

    Fernando Alonso says McLaren-Honda's performance at the Belgian Grand Prix, which yielded a Q3 appearance and points, was…

    F1
  7. Hülkenberg hails 'massive' Force India result 17:04

    Hülkenberg hails 'massive' Force India result

    Nico Hülkenberg lauded a "massive" result for Force India as the team moved above Williams in the scrap for fourth position in…

    F1
  8. Vettel plans to talk to Verstappen over conduct 17:03

    Vettel plans to talk to Verstappen over conduct

    Sebastian Vettel says that he is planning to speak with Max Verstappen over his driving standards when the dust has settled on a…

    F1
  9. Räikkönen: Verstappen actions 'not correct' 16:21

    Räikkönen: Verstappen actions 'not correct'

    Kimi Räikkönen feels that Max Verstappen's driving was "not correct" after the pair went wheel-to-wheel during the Belgian…

    F1
  10. Verstappen unhappy with Ferrari drivers 15:57

    Verstappen unhappy with Ferrari drivers

    Red Bull driver Max Verstappen labelled Sebastian Vettel as "illogical" and rebuked criticism from Kimi Räikkönen, following…

    F1
  11. Hamilton surprised at podium from back row 15:45

    Hamilton surprised at podium from back row

    Lewis Hamilton says third position at the Belgian Grand Prix exceeded his expectations as he moved forward from the back row of…

    F1
  12. Ricciardo: Red Bull achieved maximum result 15:32

    Ricciardo: Red Bull achieved maximum result

    Daniel Ricciardo reckons Red Bull achieved the maximum result possible as he secured second position at the Belgian Grand…

    F1
  13. Rosberg says he had race 'under control' 15:25

    Rosberg says he had race 'under control'

    Nico Rosberg says he had everything "under control" as he cruised to victory at the Belgian Grand Prix, his sixth triumph of the…

    F1
  14. 14:55

    In full: 2016 Belgian Grand Prix race result

    F1
  15. Rosberg wins dramatic Belgian Grand Prix 14:51

    Rosberg wins dramatic Belgian Grand Prix

    Nico Rosberg triumphed in an incident-packed Belgian Grand Prix, which was split in two after a heavy crash for Kevin Magnussen…

    F1
  16. Magnussen taken to hospital with ankle cut 14:26

    Magnussen taken to hospital with ankle cut

    Kevin Magnussen has been transported to hospital for routine checks after sustaining an ankle injury during a high-speed crash…

    F1
  17. Belgian GP halted after Magnussen crash 13:31

    Belgian GP halted after Magnussen crash

    Sunday afternoon's Belgian Grand Prix has been suspended after 10 laps following an enormous accident for Renault driver Kevin…

    F1
  18. 12:42

    Follow the 2016 Belgian Grand Prix live!

    F1
  19. 12:22

    Revised starting grid for the Belgian GP

    F1
  20. Mercedes breaks seal on Hamilton's gearbox 12:16

    Mercedes breaks seal on Hamilton's gearbox

    Mercedes has broken an FIA seal on Lewis Hamilton's gearbox ahead of the Belgian Grand Prix, in a move that will enable him to…

    F1
  21. Giovinazzi beats Malja to victory in Belgium 10:12

    Giovinazzi beats Malja to victory in Belgium

    Antonio Giovinazzi claimed his third GP2 victory of the season as he passes Gustav Malja mid-distance during the Sprint Race at…

    GP2
  22. Honda confirms 60-place penalty for Alonso 09:58

    Honda confirms 60-place penalty for Alonso

    McLaren engine supplier Honda has confirmed that Fernando Alonso will take a 60-place penalty for Sunday's Belgian Grand Prix…

    F1
  23. 09:01

    GP3 photos: Sunday at Spa-Francorchamps

    GP3
  24. Aitken takes maiden GP3 victory at Spa 08:58

    Aitken takes maiden GP3 victory at Spa

    Renault youngster Jack Aitken secured his maiden GP3 victory during a race punctuated by Safety Car periods at…

    GP3
  25. Steiner: Gutiérrez grid penalty 'very unfair' 08:42

    Steiner: Gutiérrez grid penalty 'very unfair'

    Haas team boss Guenther Steiner has labelled Esteban Gutiérrez's grid penalty for the Belgian Grand Prix as "very unfair…

    F1
  26. Hamilton prefers grid over pit lane start 08:33

    Hamilton prefers grid over pit lane start

    Formula 1 championship leader Lewis Hamilton says he was always eager to start the Belgian Grand Prix from the grid, rather than…

    F1
  27. Software issue hurt Williams in qualifying 07:22

    Software issue hurt Williams in qualifying

    Williams has confirmed that both Valtteri Bottas and Felipe Massa were hampered by a software problem on their power units…

    F1
  28. Video of the Day: Ricciardo in Los Angeles 05:04

    Video of the Day: Ricciardo in Los Angeles

    Daniel Ricciardo, along with a close group of friends, visits Los Angeles to experience its car culture.

    F1
  29. 04:34

    IndyCar photos: Saturday's Firestone 600

    Indy
  30. Rahal steals Texas victory from Hinchcliffe 04:32

    Rahal steals Texas victory from Hinchcliffe

    Graham Rahal will be credited with leading one lap in a race that spanned two months, but he led the lap that matters most…

    Indy
  31. Saturday 27 August 2016

  32. 17:38

    F1 photos: Saturday at Spa-Francorchamps

    F1
  33. Pérez: Force India maximised qualifying 17:36

    Pérez: Force India maximised qualifying

    Sergio Pérez reckons Force India maximised its potential by claiming sixth and seventh on the grid for the Belgian Grand…

    F1
  34. 17:08

    GP3 photos: Saturday at Spa-Francorchamps

    GP3
  35. Leclerc controls GP3 opener in Belgium 17:06

    Leclerc controls GP3 opener in Belgium

    Ferrari protégé Charles Leclerc claimed his third GP3 Series victory of the season after dominating proceedings at…

    GP3
  36. Ricciardo 'not too disappointed' with qualifying 16:56

    Ricciardo 'not too disappointed' with qualifying

    Daniel Ricciardo says he is "not too disappointed" with his fifth-place grid slot in Belgium, given this weekend's precarious…

    F1
  37. Button: Q2 lap as good as 2012 pole run 15:50

    Button: Q2 lap as good as 2012 pole run

    Jenson Button reckons the lap he posted to reach the final phase of qualifying in Belgium was as good as his run to pole…

    F1
  38. 15:48

    GP2 photos: Saturday at Spa-Francorchamps

    GP2
  39. Gasly extends advantage with third GP2 victory 15:46

    Gasly extends advantage with third GP2 victory

    Pierre Gasly moved into a 23-point advantage in the GP2 Series as he cruised to his third victory of the season at…

    GP2
  40. Hamilton: Spa 'worst time' to take penalties 15:17

    Hamilton: Spa 'worst time' to take penalties

    Lewis Hamilton says the Belgian Grand Prix has proven to be the "worst time" to take his engine-related grid penalties, given…

    F1
  41. Räikkönen felt pole position was possible 15:03

    Räikkönen felt pole position was possible

    Kimi Räikkönen felt that pole position was within his and Ferrari's reach at the Belgian Grand Prix, after finishing within…

    F1
  42. Verstappen: Red Bull can be 'very pleased' 14:42

    Verstappen: Red Bull can be 'very pleased'

    Max Verstappen reckons Red Bull can be "very pleased" with its efforts during qualifying for the Belgian Grand Prix, as he…

    F1
more news