![]() Group Lotus plc will acquire a major equity stake in the team from Genii Capital. ![]() Lotus’ racing pedigree and heritage coupled with Renault’s technology in Formula 1™ will set the united team on a path to future success. The association heralds the return of a highly successful Formula 1™ association between Lotus and Renault from the 1980s. Group Lotus plc and Genii Capital are pleased to announce a partnership which will see the Renault F1 Team renamed as ‘Lotus Renault GP’ from the start of the 2011 racing season onwards. ![]() 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: We are Lotus, and we are back." Group Lotus CEO Dany Bahar said: "I can think of no better platform for automotive brand communications than motorsport and F1. ![]()
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