Jump to content

litp.jpg

Lotus in the Peak
28th - 30th June 2024
  • Welcome to Midlands Lotus Owners Club (MLOC)

    Register now to gain access to all of our features. Once registered and logged in, you will be able to contribute to this site by submitting your own content or replying to existing content. You'll be able to customize your profile, receive reputation points as a reward for submitting content, while also communicating with other members via your own private inbox, plus much more!

    This message will be removed once you have signed in.

Mark H
Mark H

Group Lotus Renault Genii Lotus Renault Gp

Group Lotus plc and Genii Capital are pleased to announce a partnership which will see the Renault F1 Team renamed as 'Lotus Renault GP' from the start of the 2011 racing season onwards. The association heralds the return of a highly successful Formula 1™ association between Lotus and Renault from the 1980s. Lotus' racing pedigree and heritage coupled with Renault's technology in Formula 1™ will set the united team on a path to future success.

 

Group Lotus plc will acquire a major equity stake in the team from Genii Capital. The transaction represents a partnership between Group Lotus and Genii Capital and signifies the beginning of a more comprehensive strategic alliance between the two organisations.

 

The partnership between Lotus and Genii brings the ability to quickly incorporate new technologies from F1™ cars into Lotus road cars including hybrid technology, Kinetic Energy Recovery Systems (KERS), aero advancements and lightweight materials. Genii, an investment holding company with a portfolio of automotive technologies, bring non-F1™ technologies such as lightweight braking systems, variable compression engine technology and on board software systems to the partnership.

 

Group Lotus CEO Dany Bahar said: "I can think of no better platform for automotive brand communications than motorsport and F1™. We're well aware that there has been a lot of controversy around the usage of our brand in F1™ and I'm delighted to be able to formally clarify our position: We are Lotus, and we are back."

 

Dato' Sri Mohd Nadzmi Mohd Salleh, Chairman of Proton, Lotus majority shareholder, said: "We know that Group Lotus has much to offer Formula 1™ and vice versa. After careful consideration, we believe this arrangement will be fruitful, both from a commercial and marketing point of view."

 

Tun Dr Mahathir Mohamad, Proton advisor and former Prime Minister of Malaysia, said: "This is an exciting development which delivers strategic benefits to both Group Lotus and Proton. I fully support the partnership."

 

Carlos Ghosn, Chairman and CEO of Renault, commented: "This multi-partner alliance will bring a new dynamic to the team and enable it to compete with the sport's best from next season."

 

In addition to this, Genii is also offering Proton the ability to leverage on its existing business relationships in Russia and other parts of the world, as a means to expand Proton's global reach. Through Genii, Proton can also potentially access advanced automotive technologies by virtue of Genii's association with Mangrove, a venture capital group.

 

Gerard Lopez, founding partner of Genii Capital, said: "For Group Lotus, access to Formula 1™ opens up new marketing opportunities and a major platform for business exchanges and development. In this regard, Genii Capital possesses shareholdings in, and direct access to, cutting edge companies in the automotive industry. Our tie-up with Group Lotus and Proton, which will enable its future road car ranges to take advantage of significant new technologies, is a natural step."

User Feedback

Recommended Comments

There are no comments to display.



Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Add a comment...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Servicing.....self or garage? Which are you?

    So, I did a Forum 'service' and 'servicing' search, but couldn't find much about the topic specifically. So thought Id kick one off instead. Servicing. Self or Garage? Lotus are renowned for the servicing required. Lots of specialists out there, and it does come at a premium. But... Changing things like oil, filters, brake/clutch fluids etc, are pretty much the same on a Lotus as on most other combustion engines. The Lotus Service Guides have the full list of things to cover too,

    Dave-hp
    Dave-hp
    Technical Talk 19

    Sporting Bears 🐻

    Hi, is anyone a member of sporting bears, I am thinking of joining but just wanted to see if anyone knows if you require any change in insurance policy?   Thanks.   Luke

    Luke Seagrave
    Luke Seagrave
    General Talk 5

    S1 Type 49 Elise Refresh

    And so the winter refresh of my S1 Elise started today. Hoping to take front clam of tomorrow. However of the 4 lower bolts that hold the lower rear to the chassis, 2 are spinning and 2 won't budge despite copious amounts of penetrative oil over the last few months. The Eagle eyed will spot my Dremel tool which I'm not looking forward to using to remove 4 bolt heads that have limited access. Currently on my list are replacing the driving lights brackets, shot blast and paint the tow post, n

    Badger02
    Badger02
    Technical Talk 182

    S2 driver side indicator fail

    Hello all, just out curiosity has anybody else experienced either one of there front side indicators taking flight mid drive ? I was driving back from Whitchurch yesterday and mine decided to do exactly that.  haven’t hit any pot holes, nor had I previously loosened it off around the seals etc…. Just very bizarre as I’ve never had a car like this where bits and pieces just fly off lol.  also when getting a replacement as I have now ordered are there any ‘upgrades’ you can do to prevent this

    Mik127
    Mik127
    Technical Talk 2

    Handbrake covers....whats yours look like?

    Ok, so my 2006 S2 has no handbrake cover. Looks like that's how most come out of the factory. Gear shift has the standard perforated leather. Im looking at the option of getting a HB cover, preferably to match the gear leaver cover, looking to keep it as OEM as possible.  What have other owners done with their handbrakes? Aftermarket to match? Or a set to swap out for a new look? Nearly all I have seen go over the top and outside. Any neat ones that tuck inside the HB slot? Show u

    Dave-hp
    Dave-hp
    General Talk
  • MLOC classifieds

  • MLOC garage

  • Member Statistics

    4,211
    Total Members
    1,800
    Most Online
    Craig O
    Newest Member
    Craig O
    Joined
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue. Terms of Use