Lotus F1 no longer sponsored by Group Lotus, team to keep name
The good news, however, is that Lotus F1 will continue to compete. Team owner Genii Captial has said it believes in the name, and that while it would prefer to not have to fund the team completely by itself, it is prepared to do so. The team has already signed Unilever and Microsoft as sponsors, though there's still room for a title sponsor to step through the door.
If that happens, Lotus F1 will have more cash flow than the team has ever had in the past.
As Autosport.com points out, Gerard Lopez, Genii Capital owner, had previously expressed interest in owning Lotus. Now that the company has a new owner, that seems to be more feasible. Even so, Lopez says he's not certain what the new owners intend to do with the brand.
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models