Lotus returns to Formula One with the launch of the T127

After 15 years, one of the most successful names in Formula One returns to the grid with the launch of the Lotus T127. Note that we said "name," not necessarily "team," since Lotus F1 Racing is not officially affiliated with Group Lotus, the carmaker and engineering firm. There is a somewhat tenuous relationship, since the team that began as Litespeed is largely backed by the Malaysian government, and Malaysian automaker Proton owns Lotus. The team actually acquired the rights to the Lotus name for F1 racing purposes from David Hunt, brother of the late world champion, James Hunt.