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Saturday, May 28, 2011

Team Lotus cleared to race under current name

LONDON: Britain's High Court has cleared Team Lotus to continue racing in Formula One under its current name, following a dispute with a rival team.

The fight over the Lotus name in F1 went to trial in March.

Team Lotus used it last season, claiming it legally acquired the rights from the remnants of the former team. Group Lotus, the company's road-car division, also claimed the rights and is a major backer of Renault's F1 team.

The court ruled Friday that Team Lotus is the rightful owner of the name and can continue to use the iconic badge.

Group Lotus can use the Lotus name on its F1 car and use the black and gold colours, but can only display the badge on its road cars.

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