The Norfolk-based Litespeed Formula 3 team has announced plans to enter the 2010 Formula 1 season under the iconic Team Lotus name. The founders of Litespeed, Nino Judge and Steve Kenchington are both former Lotus engineers, and have received permission from Lotus name rights-holder David Hunt to use the evocative title for their F1 bid. Former Team Lotus driver Johnny Herbert has joined the team as driver manager and commercial ambassador.
Design work on the chassis has already been started by Mike Gascoyne who welcomed the news that the project would use the Lotus title. “I am Norfolk born and bred,” said Gascoyne. “For me to continue my F1 career under the banner of the Team Lotus name and help to bring it back to its deserving place in the world championship is a fantastic feeling and something that I am extremely proud to be doing.”