Wednesday, 1 June 2011

Lotus vs Lotus - Conclusion

To recap. Group Lotus (the car company, who sponsor the Renault F1 team) took Team Lotus (the 1Malaysia racing team, who run the Green and Yellow F1 cars) over the use of the "Team Lotus" name, which they claim the 1Malaysia team do not have the right to use.

In turn, Team Lotus took Group Lotus to court, as they prematurely cancelled an agreement with Team Lotus on the grounds of trademark infringement.

The judges decision - that 1Malaysia do have the right to continue operating under the Team Lotus name, and that Group Lotus were within their right to cancel their agreement for the reasons they did.

So to summarise, it appears to be a stalemate. Months of arguments, bitterness and disagreements, and nothing has really changed. It is understood however, that Group Lotus are contesting the decision.
To make things a bit easier, we will now be referring to the black and gold cars as Renault's, and the green and yellow cars as Team Lotus.

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Group Lotus have now announced that they may have to make as many as 99 redundancies from their British base in Hethel, Norfolk. However, this is likely to have more affect on the road car operations.

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Team Lotus boss Tony Fernandes, however, has announced that he is in early stage talks over a possible purchase of his favourite football team, West Ham United.

For more updates from Mr Fernandes, follow @tonyfernandes on Twitter.

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