Who owns lotus formula one team

The Judge found that Group Lotus is entitled to race in the JPS colours, but did not make it clear whether that would mean that Group Lotus could run cars in all historic Team Lotus colours it has cars in other series in the classic Team Lotus green and yellow.

For now it seems that both Team Lotus and Group Lotus can exploit all of the liveries. Does this have implications outside Formula 1? Yes it does, the Judge found that Group Lotus has the right to use the Lotus marque on cars for road use. However this does not specify that Group Lotus has the right to use it on cars for competition use.

This may be one of the issues Group Lotus will raise in its appeal. Probably though this is also not clear, it is possible that Team Lotus will enter Caterhams in non F1 events in future. The row was between car company Group Lotus, owned by the Malaysian company Proton, and Fernandes, who owns the Caterham sportscar company. An announcement on Wednesday said the dispute between the two parties had "ended amicably". It added they would "work together on future projects in the automotive field".

At that time Group Lotus had made it clear to Fernandes that it did not own the rights to the name Team Lotus. But the two parties soon fell out, with Group Lotus deciding it wanted to promote its brand in F1 with a more established team. It agreed a sponsorship deal with the Renault team for and terminated its licensing agreement with Fernandes.

Fernandes then reverted to the historic Team Lotus name, having bought the rights from businessman David Hunt - brother of world champion James Hunt - who had purchased the rights to the name in after the team ran into financial difficulties.

The team collapsed at the end of that season. Both decisions were the subject of a lawsuit which was finally resolved in London's High Court in May. A judge ruled Team Lotus could continue to race under that name but that Group Lotus retained the right to use the Lotus marque on its road cars, and in F1 if it chose to enter its own team.

But F1 is not yet a successful turnaround story, and some cracks are showing. And although U. Beginning in , the series will introduce standardized parts, reduce testing and shift to new car designs to diminish downforce, thereby allowing more competitive racing.

The last few years have seen the likes of Lotus, Force India and Manor Racing either go bankrupt or sell for pennies on the dollar. Mercedes has done nothing to quash the rumors that it might sell its operations rather than sign on. Red Bull seems perpetually on the verge of leaving the sport, with its most recent threat coming just this year. Ferrari, long the poster child for throwing its weight around, has been uncharacteristically cooperative thus far, although the team has expressed concerns about the new rules package.

Just look at the recent dominance of Mercedes.