Lotus vs Lotus – The End

Finally, it’s over! The row over who has the right to call their cars, lotus between Group Lotus and 1Malaysia has rumbled on foe well over a year, even reaching the heights of the High Court has come to an amicable conclusion.

The name change was agreed in principle some time ago but had to be ratified, with all the teams agreeing to it.

In a joint statement, it stated, “The terms of the settlement are confidential but the deal sees the “LOTUS” brand reunited under the sole ownership of Group Lotus. This includes the rights to the “LOTUS” and “TEAM LOTUS” names in Formula 1 motor racing.
1MRT will race in the 2012 Formula 1 season under the name “CATERHAM F1 TEAM” and will use a “CATERHAM” chassis.”
The statement also hinted at a new era of co-operation for both sides, “The terms of the settlement are confidential but the deal sees the “LOTUS” brand reunited under the sole ownership of Group Lotus. This includes the rights to the “LOTUS” and “TEAM LOTUS” names in Formula 1 motor racing.”

Although there has been no official word from the Renault team about what name the team will adopt for next year. It is widely expected to be LOTUS F1 TEAM, meaning the historic ‘Team Lotus’ name will once again disappear from the grid.

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