LOTUS RACING UNVEILS LOTUS COSWORTH T127

PRESS RELEASE

Lotus Racing today unveiled its 2010 challenger, the Lotus Cosworth T127, at a glittering event in London’s Royal Horticultural Hall. Team Principal Tony Fernandes was joined on stage by Chief Technical Officer Mike Gascoyne and drivers Jarno Trulli, Heikki Kovalainen and Fairuz Fauzy to take the wraps off the car in front of a 500 strong live audience.

As the lights came up the car’s stunning green and yellow livery was seen for the first time, striking an emotional chord with both young and old alike and evoking memories of some of motor racing’s most iconic moments in an entirely contemporary fashion.

Tony Fernandes gave his thoughts on the astonishing achievement the Lotus Racing team has accomplished in launching the car just five short months since the team was granted its entry to the FIA Formula One World Championships, saying: “I am extremely proud to be here today and to be able to show the world the fruits of the team’s hard work over the last five months. It’s humbling for me and my fellow shareholders, Kamarudin Meranun and SM Nasarudin to see how a team that five months ago didn’t even exist is now a thriving workforce, full of enthusiasm and passion for Lotus Racing and the challenges ahead and capable of producing such a beautiful machine in such a short time.

“Now we’ve achieved two major milestones; confirming our entry and unveiling our car, but now the real work starts. Next we move on to testing and the season ahead and I’m confident that the team will exceed expectations wherever we go, and will do so on a wave of support around the world that has been growing daily since we first unleashed Lotus Racing back in September ’09.”

Mike Gascoyne added his thoughts, saying “The last few months have been some of the most challenging of my career, but it’s been a challenge the whole team and I have thrived on since we first started work on the car up in Norfolk. I’m delighted that we’ve reached this point, and now we have a beautiful car that gives us a great base to work from for the season ahead and a fighting chance of going racing in the right way, with a winning mentality. The hard part starts now, and I know everyone in the team and I are up for whatever lies ahead.”

The Lotus Racing T127 is powered by Cosworth and will use an Xtrac gearbox and, in line with all 2010 teams, will be running on Bridgestone tyres.

Lotus to Rejoin Formula 1 in 2010!

Release from the FIA -

Following an intensive selection and due diligence process, the FIA has awarded the 13th entry in the 2010 FIA Formula One World Championship to the Lotus F1 Team.

The FIA also received an impressive application from the BMW Sauber Team. However, given that BMW has announced it will withdraw its support in 2010, there are still uncertainties regarding the future ownership of the team.

Nevertheless, the FIA considers that BMW Sauber’s application is of high quality and would constitute a competitive participant in the Championship. As such, it has awarded BMW Sauber the ‘14th place’ in the Championship meaning that it will be entitled to fill any vacancy that arises on the 2010 grid.

In addition, the FIA believes that a good case can be made for expanding the grid to 14 teams. The FIA will be consulting urgently with the existing teams regarding the introduction of an appropriate rule change to expand the grid to 28 cars in time for the first Grand Prix in 2010.

Detailed below is information about the new team that has been confirmed to compete in the Championship from next year.
Company Name: 1Malaysia F1 Team Sdn Bhd
Team Name: Lotus F1 Team
Country: Malaysia
Team Principal: Tony Fernandes

A partnership between the Malaysian Government and a consortium of Malaysian entrepreneurs, 1Malaysia F1 Team returns the Lotus name as a constructor to Formula One for the first time since 1994. The team will initially be based at the RTN facility in Norfolk, UK, some 10 miles from the Lotus Cars factory. A 50,000 square foot fully equipped facility, RTN was built by Toyota for its initial Formula One programme and then used by Bentley for its successful Le Mans programme.

The team’s future design, R&D, manufacturing and technical centre will be purpose built at Malaysia’s Sepang International Circuit.

Team Principal Tony Fernandes is the founder and CEO of the Malaysian-based Tune Group, owner of the Air Asia airline. The team’s Technical Director Mike Gascoyne has over 20 years of experience in Formula One having previously performed the same role for the Force India, Toyota, Renault and Jordan Formula One teams.

As part of its application to compete in the 2010 FIA Formula One World Championship, the team has agreed an engine supply deal with Cosworth and a wide variety of technical partnerships including Xtrac and FondTech.