2011 Lotus Renault GP Car
January 17, 2011 by Luxury Auto Direct
Filed under Blog, Lotus, News
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.”
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.”
Source: Lotus Press Release
Festivals of Speed 2009 Ritz-Carlton brings the Rolls Royce Ghost & Ferrari FXX to the East Coast
October 27, 2009 by Luxury Auto Direct
Filed under Auctions & Events, Blog, Festivals of Speed
The Festivals of Speed took place this past weekend at the Ritz-Carlton Orlando at Grande Lakes. It was a magnificent showcase of some of the most rare and exotic automobiles in the world.
Some of the headline autos on display included the 2002 Ferrari world champion formula 1, Aston Martin DBR9 GT Race Car, Ferrari FXX, 1954 Ferrari 375MM, Mosler MT 900S and the east coast debut of the 2010 Rolls Royce Ghost.
The Festivals of Speed next stop will be in Miami on November 15th.
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