FIA approves name changes for three F1 teamsNovember 7th, 2011 - 7:58 pm ICT by IANS
Paris, Nov 7 (IANS) The International Automobile Federation (FIA) has confirmed that three Formula One teams - Team Lotus, Renault and Virgin Racing - will be changing their names for the 2012 season .
Team Lotus, which has India’s Karun Chandhok as its reserve driver, will now be called the Caterham F1 team. The team has a Malaysian owner in Tony Fernandes.
The Britain-based Renault team will become Lotus, with their full name remaining Lotus Renault GP.
Richard Branson’s Virgin Racing will become Marussia F1 team.
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