The two warring Lotus factions have issued a joint statement that proves everyone really does live happily ever after. In the public eye, at least. We expect behind closed doors there have been many toys thrown out of cots.
Apparently the two parties signed off an agreement in the last week or so with the terms to remain confidential.
Stick with us, this next bit might get a bit confusing. The brands ‘Lotus’ and ‘Team Lotus’ will be reunited under the Group Lotus banner. As previously reported, the former owners of the Team Lotus brand, 1Malaysia Team Racing, will become known as the Caterham F1 Team.
In 2012 we expect Lotus will continue with the black and gold livery and Caterham F1 has declared its intention to maintain its green and yellow colours.
The loving words of the joint statement can be read in full after the break. We suggest you imagine Dany Bahar, Group Lotus CEO, and Tomy Fernandes, 1Malaysia Team Racing owner, in a passionate embrace as you read the fairy tale below.