Lotus Renault and Marussia Virgin to change names for 2012 season

FIA have given formal permission to three Formula 1 teams to change their names ahead of the 2012 season, Sky Sports reported. FIA were the last authority after the F1 Commission, which had to approve the changes in the teams’ names.

Group Lotus-sponsored Renault will still be known as Lotus Renault GP but the chassis name will switch from Renault to Lotus. Virgin Racing will take the name of its major Russian shareholder as Marussia F1 team. Team Lotus would become Caterham F1 Team.