Lotus confirms 2012 name change to Caterham

2012 F1 season

Lotus T128 and Caterham Seven, Duxford, 2011

Lotus T128 and Caterham Seven, Duxford, 2011

Lotus has officially announced it will be re-named Caterham in 2012.

The FIA confirmed earlier this week Lotus had agreed to allow Renault, which is sponsored by Group Lotus, to use the name.

A statement issued by the team said: “Proton, Group Lotus, 1Malaysia Racing Team and its owner Tony Fernandes are delighted to announce that the legal dispute in the English Courts relating to the ‘Lotus’ and ‘Team Lotus’ brands has now ended amicably with the parties agreeing settlement terms earlier this month.

“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 deal also sees a working relationship established between the parties and they will work together on future projects in the automotive field.”

Team Lotus CEO Riad Asmat said: “We are proud of what we have achieved by bringing the Team Lotus name back to Formula 1 when many tried and although we are sad to say goodbye to Team Lotus we are excited about owning our own future and being in control of our own destiny.

“Now we have no one to be compared to. We make our own history and we will remain green and yellow.

“Now we look forward to an exciting future racing under our new team name of Caterham F1 Team. Please continue to support our very special spirit of never say die and support us on the track as we move up the field and demonstrate that the good do win.”

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69 comments on Lotus confirms 2012 name change to Caterham

  1. The Last Pope (@the-last-pope) said on 9th November 2011, 19:40

    Still no news on who owns Group Lotus now? Or what has happend to Danny Bahar? None of this could have happened if he was still around.

    • BasCB (@bascb) said on 10th November 2011, 7:36

      Yes, I think its likely there will be a few more annoucements to come from them involving a new Manager/director and possibly ownership ties with the Genii/Enstone team in the near future (or whenever its seen fit to announce thes things)

  2. I simply don’t understand any of this… Why is Renault Lotus… and who is Team Lotus or Lotus… and why is this even happening. I have deliberately ignored this weird mess for 12 months hoping it would magically reveal itself in time, but I’m none the wiser.

    I need a damn diagram! Anybody…?

  3. manatcna (@manatcna) said on 10th November 2011, 3:30

    Lotus is now owned by Group Lotus, Renault are the engine supplier.
    The name Team Lotus is also now owned by Lotus.

    Team Lotus have now morphed into Caterham.

    I’m sure someone will correct me if I’m wrong

    • The Last Pope (@the-last-pope) said on 10th November 2011, 19:43

      The Lotus Renault F1 team is owned by Genii. Group Lotus belongs to Proton. It remains to be anounced whether Genii have bought Group Lotus from Proton and sacked Danny Bahar (creator of all this mess).

      Team Lotus is now Caterham. Correct.

  4. Steven Schexnider (@toastermeister) said on 10th November 2011, 4:23

    When this whole naming nonsense began, I was annoyed that Bahar tried to cash in on what Fernandes was accomplishing. Right around the middle, when both parties were calling each other names, I was more in favor of Lotus Renault, given how Fernandes and Gascoyne were shooting off their mouths. That right there made my view towards Team Lotus less favorable. But, once the case went to court, and there was silence, I was starting to warm back up to Team Lotus. I believed they should have had the rights to use the Lotus name from day one.

    Personally, I’m glad that Team Lotus will be called Caterham. At least they aren’t trying to ride on the coattails of the old Lotus. It feels better to have a brand new team build up their own persona, rather than try to be someone they weren’t from the beginning.

  5. Dev (@dev) said on 10th November 2011, 4:25

    still things are not clear on who will own the spirit of Colin Chapman & his legacy or have they both destroyed that in this dumb battle of egos. Since Catterham was previously owned by Lotus, will that make Tony sleep well at night knowing he still owns some connection to Lotus/ Chapman… and why is that necessary for a 1Malaysian Racing to have a connection, does it give any marketing benefits or any performance benefit?

  6. Why they going to change the name lotus sounds better than Caterham.

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