Saudi Arabia is among world's top donors with assistance worth SR528 billion    GCC – Japan negotiations make progress in sealing free trade agreement    Inzaghi hails Al Hilal's fearless Club World Cup run    UNRWA calls for urgent fuel delivery to Gaza to prevent shutdown of basic services    Syria rules out foreign borrowing as central bank hails post-Assad recovery    Pakistan army kills 30 militants in cross-border clash near Afghanistan    State of emergency declared in Crete after wildfire devastates Ierapetra    OPEC+ further accelerates oil output hike by 548,000 bpd in August    Football world mourns Diogo Jota and brother André Silva at funeral in Portugal    Al Hilal exit Club World Cup after narrow defeat to Fluminense    Saudi Arabia tops global ICT Development Index for 2025    Saudi Crown Prince, Abu Dhabi deputy ruler discuss regional stability, strategic ties in Jeddah    Alkhorayef Commercial Company partners with XSQUARE Technologies to elevate logistics automation in Saudi Arabia    Hotel occupancy in Saudi Arabia rises to 63% as tourism workforce tops 983,000 in Q1 2025    SFDA to penalize 996 erring establishments    Portugal and Liverpool FC winger Diogo Jota dies in car accident in Spain    Michael Madsen, actor of 'Kill Bill' and 'Reservoir Dogs' fame, dead at 67    BTS are back: K-pop band confirm new album and tour    Michelin Guide launches in Saudi Arabia with phased rollout in 2025    'How fragile we are': Roskilde Festival tragedy remembered 25 years on    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



No going back on Lotus name: Fernandes
Published in The Saudi Gazette on 13 - 12 - 2010

LONDON: Team Lotus have abandoned plans to race in the same colors as Formula One rival Lotus Renault next year although the name will remain the same, owner Tony Fernandes said Saturday.
The Malaysian entrepreneur told Reuters by telephone from Monaco that it made no sense having four cars with the same black and gold livery, as would have been the case. But he added the sport could live with two Lotus teams.
“Whether they copied us or we copied them that's beside the point now,” said Fernandes, whose team will also be powered by Renault engines. “The point is what makes sense.
“Having two Lotus brands on the grid I think is no issue. Having four black cars looking the same I think is silly and one has to relent.
“We're not childish and emotional and saying ‘Oh no, we've got to be black and gold'. We're pragmatic.”
The cars will likely be green with a dash of yellow, reflecting the Lotus colors and a scheme that the boss said also accorded with the sport's attempts to take on a more environmentally friendly or ‘greener' image.
Sportscar maker Lotus Group, owned by Malaysian car company Proton, announced this week a partnership with former champion Renault F1 and said its cars would be black and gold.
The scheme harks back to the days when Lotus was sponsored by cigarette brand John Player Special and won championships in the 1970s with the likes of Mario Andretti and Emerson Fittipaldi.
“There has been a lot of negativity about being associated with a cigarette brand,” said Fernandes, whose team had announced last month a similar color scheme.
“There was a strong lobby building up against (black and gold), that we were promoting a cigarette brand. So everything happens for the right reasons.”
Fernandes' team competed as Lotus Racing under license from Proton and Lotus Group this year but has changed its name to Team Lotus after buying the rights from David Hunt, brother of the late former champion James.
The AirAsia airline boss said he had wanted to continue as Lotus Racing but the deal had been terminated by the other side. “I'm disappointed at the way things have turned out,” said Fernandes, who is seeking damages for wrongful termination of the agreement whilst also asking the High Court to rule on the validity of his Team Lotus rights.
“We received a five-year license agreement from Proton and Group Lotus to go into Formula One. The reason why it wasn't Team Lotus was because they clearly told us they didn't have the rights (to that name) so they gave us the license.
“We initially called ourselves F1 Lotus Team but their lawyer said ‘No, you can't use Team because David Hunt may injunct us. So we changed it to Lotus Racing. We thought we had five years to go out there and prove ourselves. My original aim was that somehow we would merge or do something together and co-exist,” added Fernandes. “Those plans all changed when Dany Bahar appeared on the scene. He had a very low regard for us.”


Clic here to read the story from its source.