The Lotus Racing Formula One team has confirmed it will use the ‘Team Lotus’ moniker from 2011.
The team previously did not own the rights to the name used by the classic Lotus F1 team that won six drivers’ championships and seven constructors’ titles between 1963 and 1978.
Current team boss Tony Fernandez has bought the naming and heritage rights after a complicated struggle for the brand name.
The Team Lotus name was previously owned by David Hunt, the brother of the 1976 F1 world champion James Hunt.
The F1 team currently runs as Lotus Racing through an agreement with the road car division of Group Lotus.
Fernandez is expected to terminate this deal at the end of the season and he admitted it has always been a long-term goal to run under the Team Lotus name.