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This carbon-fibered, mid-engined rocket ship was not only a very capable street car, but was also a very successful racing car, winning many races in the FIA GT Championship, not to mention impressive results at the Sebring 12-hour race and at the LeMans 24-hour race.
There truly has been no American car to have accomplished what this car did in its short life time, so what many had been wondering is, will there be a sequel?
The soap opera between Suzuki and Volkswagen has been ongoing for almost a year and now the Japanese automaker is looking to back out. Suzuki wants to buy back all the 19.9% of its shares that VW currently owns and that if the German automaker does not comply, Suzuki will seek mediation.
According to a statement by Suzuki Motor Corporations Chairman Osamu Suzuki, they have terminated the partnership as of today.
This whole rift starter when VW accused Suzuki for violating their agreement when Suzuki made a deal with Fiat S.p.A. over engines.
VW then went on to anger Suzuki by listing it as an “associate” and not a partner in its annual report, and lists Suzuki under “other holdings.”
Suzuki felt this was an insult to its honor and has thus been wanting to end their partnership ever since.
VW has not commented if it will indeed sell its shares back to Suzuki, so this story is far from over yet and from a legal stand-point can get much uglier still.
[Source: Automotive News]
Fans of Formula 1 racing and Lotus must have spent this year feeling a bit confused regarding who they should support, since there were two teams going by the name Lotus.
There was Team Lotus, a private team founded by Tony Fernandes (who also owns Caterham Cars), and then there was Group Lotus which was run by Lotus (the guys who make the cars) and their parent company Proton.
The two teams fought over the naming rights. Group Lotus said that the name Lotus belongs to them, while Team Lotus said that their name has always operated in motorsports as a separate entity to the road car business.
Who gets what naming rights was up to the courts to decide, and the verdict is in. Group Lotus is to keep the rights to the Lotus name in motorsports, which means they now own the rights to the Team Lotus name also.
In what is being described as a amicable settlement between the two parties, the former Team Lotus, which is also owned by 1 Malaysia Racing Team, will rename themselves as the Caterham F1 Team for the 2012 season.
Group Lotus CEO Dany Bahar said at the announcement that, “On behalf of Group Lotus and Proton, I would like to express how pleased we are that this matter is finally closed and we can now focus on looking forward to the future.”
The new deal will also lead to a working relationship between the two parties over future automotive projects.
Caterham, a company that started out life as a Lotus dealer, who got the manufacturing rights to the Lotus 7 and has been producing the car for over 30 years now, will now be its own force in Formula 1. Recognition of the Caterham brand will thus grow on a global scale.
Nobody in their right mind could ever confuse the Ford F-150 pickup truck with the Ferrari F150 Formula 1 car. But Ford’s lawyers seem to disagree, and have asked a U.S. court for an injunction against Ferrari and their use of the name.
Ferrari claims that the F150 moniker is intended to honor the 150th anniversary of Italy’s unification. So far, neither side has commented but we’ll be watching to see what unfolds.