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To say that Lotus has its hands full would be a gross understatement. In addition to the five new concept cars which the British automaker and engineering firm unveiled in Paris this year, Lotus is also expanding its racing programs in a big way. The House that Colin Built expressed its intentions to do so nearly a year ago, but as with the complete revamp of its entire product range, we didn't expect anything quite this drastic. Looks like we ought to be listening when the folks at Lotus speak.

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GP3-spec Dallara-Renault – Click above for high-res image gallery

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Bernie Ecclestone didn't get to be a billionaire by waiting for things to come his way. With the threat of a breakaway series seemingly very real once again, the man credited with making Formula 1 what it today is has apparently decided to make sure he is on it. F1 Live reports that last month, Ecclestone filed trademark application papers for Formula Grand Prix, Formula GP, and GP3, in addition to applying to protect his GP1 and GP1 Series logos.

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