Renault sells its remaining stake in its F1 team, becomes Lotus Renault GP

Article by Christian Andrei, on December 9, 2010

Renault SA sold its remaining stake in its Formula One team to Genii Capital, a Luxembourg-based private investment firm. Genii Capital is already the Renault F1 team's major shareholder. The team will race as Lotus Renault GP in 2011 under a long-term partnership with Malaysian-owned sports car company Group Lotus plc.

The team said in a statement that Group Lotus will eventually become a major equity partner in Lotus Renault GP, which it will co-own with Genii Capital.

Interestingly, Lotus Renault will go up against the existing Team Lotus -- also Malaysian-owned and also powered by Renault engines.

Both teams will race in new black-and-gold liveries, going back to the glory days of the late 1970s when Colin Chapman's original Lotus team was winning races and championships.

Team Lotus, which made its debut in 2010 as Lotus Racing, is at odds with the Lotus Group owned by carmaker Proton over the use of the brand.

Tony Fernandes owns Team Lotus. Fernandes claims the rights to Chapman's Team Lotus name, which is kept separate from the car company of late. [via autonews - sub. required]

Topics: renault, lotus, formula 1

If you liked the article, share on:


Login or Create new account to add a comment!


Carbon fiber has become a trend for cars nowadays. It is like the “diet pill” for cars. The car’s weight can be reduced greatly when certain parts or even entire...
by - July 21, 2016
The new Acura EV Concept will be fielded in the Electric Modified Class at the 2016 Broadmoor Pikes Peak International Hill Climb, as powered by an evolved version of the...
by - July 13, 2016
The 24 Hours of Le Mans or sometimes called the “Grand Prix of Endurance and Efficiency” is an annual active sports car race held near the town of Le Mans...
by - July 1, 2016
Citroën Racing is continuing to develop their 2017 World Rally Car in Portugal, less than a month after the race. Kris Meeke and Stéphane Lefebvre achieved considerable mileage during the...
by - May 23, 2016
A distinct example of the 2017 Camaro SS 50th Anniversary Edition will be the pace car at the 100th running of the Indianapolis 500. This version of the 2017 Camaro...
by - May 4, 2016