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Renault will buy back Lotus F1 Team

Renault's relationship with Red Bull may be about to crumble, but the French automaker isn't calling it quits on Formula One altogether. Instead, Renault will cease being an engine supplier and instead acquire Lotus F1 to become a full-fledged manufacturer and team owner again. The long-anticipated deal will see Renault re-acquire the team currently known as Lotus F1 from present owner Genii Capital, an investment fund. Renault owned the team outright before selling it to Genii back in 2009. This move will see the Enstone outfit move back under Renault's roof – and hopefully get more resources than Genii could muster. Renault recently had to come to the team's rescue after an outstanding tax bill threatened to send it into bankruptcy. The deal will likely mean the end of the Lotus name in F1 once again, after the rights were hotly contested between this team and the now-departed Caterham outfit. The Enstone-based outfit will become Renault's principal team, just as Mercedes and Ferrari run their own teams and also supply engines to others. Over its various eras of ownership, the team has shown that it has what it takes to win, given the right drivers and resources. The question is whether Renault can get its engines up to speed again to catch up to its rivals. The partnership between Daimler and the Renault Nissan Alliance created speculation that the two could strike a deal in F1 as well that could see Renault running Mercedes engines in the future - just like the Lotus team currently does. F1 : SIGNATURE OF A LETTER OF INTENT BETWEEN RENAULT GROUP AND GRAVITY MOTORSPORTS S.A.R.L Renault Group and Gravity Motorsports S.a.r.l., an affiliate of Genii Capital SA, are pleased to announce the signature of a Letter of Intent regarding the potential acquisition by Renault of a controlling stake in Lotus F1 Team Ltd. The signature of this Letter of Intent marks Renault's first step towards the project of a Renault Formula 1 team from the 2016 racing season thereby extending 38 years of commitment of the brand to world's premier motorsport championship series. Renault Group and Gravity will work together in the coming weeks to eventually turn this initial undertaking into a definitive transaction provided all terms and conditions are met between them and other interested parties. Related Video: Featured Gallery Lotus Renault GP 2011 livery News Source: Renault Earnings/Financials Motorsports Lotus Renault F1 genii capital

Lotus Type 133 / Envya spy photos show it in thin camouflage

Lotus's upcoming electric sedan, codenamed Type 133 and potentially named Envya, has been caught in spy photos once again, and this time we get an impressively clear look thanks to thin, branded camouflage. It looks as long and slinky as ever, and design elements from the Lotus Eletre electric SUV are obvious. It also looks as though it's closely related to the Polestar 5 sedan. The nose of the Type 133 is a near note-for-note remake of the Eletre's, but significantly lower and flatter. Frankly, it's a much better execution of the design to these eyes. It has the split headlights and the hexagonal active grille shutters like the SUV, too. Close examination also shows that the upper headlights consist of two scowling lenses on each side, with the upper ones obscured by vinyl camoflage. The low nose rises quickly over a short hood into the long, raked roofline that continues right through to the tail. The Type 133 is absolutely a modern fastback-type sedan, and likely features a hatchback. At the leading edge of the roof, there's a sensor that's presumably for advanced driver aids, and is one of the signs that this car likely is closely related to the Polestar 5, which was previewed with a similar sensor. Around at the back, the Type 133's details are harder to see due to the final taillights not being installed. But it does appear to be getting full-width units, and there are some diffuser-like details in the rear bumper. Besides that aforementioned sensor, the whole car's shape, size and proportions look extremely close to the Polestar 5's and those of the Precept concept that previewed the Polestar. The low nose, long roof, roof sensor, flush door handles, they're all very similar. And with Geely owning both brands, it's not really a surprise. The same electric platform from the Eletre is likely powering the Type 133, and power could range from 595 to 893 horsepower. Battery packs could range from 92- to 120-kWh. With how finished and thinly disguised this prototype is, we think the Type 133 could be revealed sometime this year, possibly going on sale next year.  Related Video:

Lotus rolls out factory delivery program for Elise, Exige and Evora

"We are delighted to open our doors to customers so that they can collect their new car from us direct." - Jean-Marc Gales
Buying a Lotus sports car now comes with an added perk - you get a peek behind the curtain at the famous factory in Hethel, England.