F1: Team Lotus, Group Lotus and Caterham announce name change

In a joint statement, Group Lotus Plc and PROTON Holdings Berhad1Malaysia Racing Team, Caterham Cars and Tony Fernandes have announced the by Fernandes led 1Malaysia Racing Team, currently known as Team Lotus, will change their name and in 2012 will officially compete under the name Caterham F1 Team using a Caterham named chassis.

According to the statement an agreement has finally been reached after many months of uncertainty about who was the legal owner of the brand name “Lotus”. Fernandes took …

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