Formula 1 teams and other members approve name changes for Lotus, Renault and Virgin.
Latest reports that Team Lotus’ cars will call as Caterhams in 2012, Renault’s cars will be change Lotus and the Virgins will be renamed Marussias. Formula 1 official’s have agreed to requests from three teams to switch their chassis names for 2012 season, bringing an end to a year-long row over the use of the Lotus name in F1.
While the origins of the Virgin name change are relatively straightforward (the team wanting to promote key investors Marussia over Richard Branson’s Virgin brand), the row over the Lotus name has been dragging on since the end of last season.
The decision to approve the name changes means that confusion over the Lotus name in F1 will be brought to an end, following a long-running dispute between Team Lotus and the road car company Group Lotus. In a bid to clean up the matter after lengthy court proceedings, an agreement was reached which means that the Enstone-based Renault team will now be the only outfit running the Lotus name.
Team Lotus will make full use of the Caterham brand, less than one year after the outfit’s owner Tony Fernandes bought the sportscar manufacturer.
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