Formula 1’s teams have agreed on the requested name changes for Lotus Renault GP, Team Lotus and Virgin Racing in Thursday’s meeting of the Formula One Commission. As a result, the three squads are set to run under guises of ‘Lotus’, ‘Caterham’ and ‘Marussia’ as of the start of the 2012 season.
The gathering of the F1 Commission was in Geneva, Switzerland, with all Team Principals being joined by FIA President Jean Todt and commercial rights holder Bernie Ecclestone plus significant heads of tyre supplier Pirelli and the engine manufacturers.
Although the name changes are now agreed amongst the teams, they will not be made official until the FIA’s World Motor Sport Council (WMSC) reviews and confirms the requests; with the aforementioned Jean Todt being a member of the F1 Commission which staged today’s meeting, any denied application is unlikely.
The news finally signals an end to the Lotus naming row which has rumbled on over the course of the 2011 season, whereas the Virgin change comes because Russia’s Marussia is now the team’s prime shareholder. However, Sir Richard Branson’s label will remain a backer of the Sheffield-based outfit.
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