The Team Lotus bigwigs were on hand for the Renault engine deal announcement

The entire Team Lotus management group was onsite at the Singapore Grand Prix, where the team made the announcement that it would continue to use Renault power for the next two seasons, in conjunction with using Red Bull Racing’s gearbox and KERS units.

The announcement ties up the team’s engine supply until the end of the current V8 engine regulations, with the team also indicating it has every intention continue the relationship “when the new [V6] engine regulations come into force” in 2014.

“Having established an incredibly good working partnership since the first days of our agreement we are absolutely delighted that Renault Sport F1 and Red Bull Technology will be playing such an integral role in the ongoing development of our team until at least 2013, and then we are aiming to keep working together when the new rules are introduced,” Team Lotus owner Tony Fernandes said.

“They are both passionate, dedicated teams of people with whom we have a growing relationship that is creating a number of exciting opportunities for us for the future. They share our vision for where we want to take our team, and we are very proud to have their power pushing us forward.”

[Image via LAT]

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Richard Bailey

Founder & Chief Editor at MotorsportM8
Hasn't missed a Grand Prix since 1989. Has a soft spot for Minardi. Tattooed with 35+ Grand Prix circuits.