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Groups Lotus wins the right to use the Lotus name in F1...Or do they?

Groups Lotus wins the right to use the Lotus name in F1...Or do they?

Rigval

Entry posted by Rigval ·

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How do you feel when you see VW rims on Skoda?  

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  1. 1.

    • Indifferent ...
      9
    • Owner of the Skoda couldn't find Skoda rims
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    • Owner tries to disguise the Skoda as a VW
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As expected the company that builds Lotus cars for the road has won the High Court battle over the use of the Lotus name in Formula 1. The legal tussle began sometime ago when both Group Lotus and 1 Malaysia Racing Team a.k.a. Team Lotus, run by AirAsia head honcho Tony Fernandes basically parted ways when Group Lotus claimed that Team Lotus had breached the Lotus name (as 'Team Lotus' confusingly) licensing agreement.

 

However, Justice Peter Smith, the presiding jugde over this matter had also ruled that Team Lotus also retained the right to race in Formula One under its existing name. That basically means that Group Lotus can continue racing through its sponsorship of the Renault team (or in full the Lotus-Renault GP team) and Team Lotus continues as Team Lotus

 

Anyway, other judgments awarded was the right for Group Lotus to use the black and gold livery. This basically means that Team Lotus must stick to their current British Racing Green and yellow livery. Team Lotus was instructed to pay Group Lotus for damages on the breach of the licensing agreement. How much has not been stated. So Team Lotus cannot use anything related to Group Lotus or in that whether it has any relation to the road-going cars that Lotus builds as Group Lotus was also adjudged in the same matter that they have the right to continue to use the Lotus name on road cars.

 

Group Lotus may have won this battle but this basically means that there will still be two Lotus named teams racing in Formula 1. So they are mounting an appeal on the matter


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Joseph22

this is one hell of confusing blog... so which lotus is which??

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