Autosport brings news that the F1 Commission has today approved name changes for the Lotus, Renault and Virgin Formula 1 teams.
The move sees Team Lotus renaming to Caterham, while the Lotus sponsored Renault team becomes Lotus, and pending approval by the FIA World Motor Sport Council brings an end to the dispute over the Lotus name in Formula 1.
The decision to approve the name changes means that confusion over the Lotus name in F1 will be brought to an end, following a long-running dispute between Team Lotus and the road car company Group Lotus.
In a bid to clean up the matter after lengthy court proceedings, an agreement was reached which means that the Enstone-based Renault team will now be the only outfit running the Lotus name.
Source: Autosport – Formula 1 chiefs approve name changes for Lotus, Renault and Virgin
Discussion: SELOC Chat – F1 Name Changes Approved