Thursday, 28 April 2011

New Team Lotus Purchase - Update

Team Lotus boss Tony Fernandes has confirmed that he has no immediate plans to rename the Formula One team, following their acquisition of Caterham Cars.

However, Team Lotus' GP2 outfit - currently team AirAsia - is expected to be renamed Caterham, with AirAsia the title sponsor.

The deal does, however, provide Fernandes and co with a suitable option, should they lose the current court case they are embroiled in (against Group Lotus)  and are forced to rename the team.
Fernandes has denied the Caterham deal was made because he "expected" to lose the case.

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