Renault F1 Team changed their name to Lotus RenaultBy Mayuri, Gaea News Network
Wednesday, December 8, 2010
NEW YORK (GaeaTimes.com) — The Renault Car company will be renamed as Lotus Renault in 2011. Renault has sold all its shares Genii capital.
This new decision implies that there will be two F1 teams in 2011 with Lotus in their name.
It appears as if both teams plan to run their cars with black and gold liveries, reflecting the historic John Player Special sponsorship of Lotus in the 1970s and 1980s.
Renault team decided to release its newly named cars in iconic black and gold colors.