Lotus announced nowadays that it?S taking over the ?Renault F1 Team? And creating a brand new crew named ?Lotus Renault GP? With a purpose to compete in the 2011 Formula 1 season and onwards. This isn't always the first time that the 2 corporations have worked together in Formula 1, as in the Nineteen Eighties, Lotus used turbocharged engines sourced from the French carmaker.
While Renault will retain to supply engines and technical support, the Lotus Group will own and run the newly fashioned F1 group along side Genii Capital, a Luxembourg-based employer that acquired Renault's stake within the group.
The British maker stated that the brand new partnership brings the capacity to speedy include new technology from F1 automobiles into its very own road cars such as hybrid technology, Kinetic Energy Recovery Systems (KERS), aero improvements and light-weight substances.
Genii will make contributions to the partnership with non-Formula 1 technolgies along with lightweight braking systems, variable compression engine era and software. Furthermore, Genii Capital will assist Proton, owner of Lotus, to make bigger into new markets, together with Russia, and potentially get right of entry to extra car technology.
Gerard Lopez, founding companion of Genii Capital, stated: ?For Group Lotus, access to Formula 1? Opens up new advertising opportunities and a primary platform for commercial enterprise exchanges and improvement. In this regard, Genii Capital possesses shareholdings in, and direct access to, slicing facet agencies in the automotive enterprise. Our tie-up with Group Lotus and Proton, in order to allow its destiny road vehicle degrees to take advantage of great new technologies, is a natural step.?
Group Lotus CEO Dany Bahar, commented: ?I can consider no higher platform for automobile logo communications than motorsport and F1 We?Re properly aware that there was quite a few controversy round using our brand in F1 and I?M extremely joyful so that you can formally clarify our position: We are Lotus, and we are again.?
By Csaba Daradics
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