24 April 2012

Lotus Raises IndyCar Commitment

When Lotus entered the 2012 IZOD IndyCar Series, the regulatory requirement to supply multiple teams and the late timing of Lotus’ entry placed a significant restriction on the development programme. It was clear from the start that the 2012 season was going to be a huge challenge as Lotus debuted its IndyCar engine, but it was a challenge that Lotus was determined to meet.

Lotus was further hindered by unanticipated difficulties caused by the widely reported change of ownership and the subsequent restrictions on resources. To have achieved a top ten position under these circumstances is pretty impressive.

That said, Lotus has acknowledged that whilst the engine has demonstrated a lot of promise, minimal testing has resulted in reliability issues.

Having now had the experience and feedback from the first three races of the season, Lotus undertook a strategic review of its position to decide what course of action would be in the best interests of IndyCar and the teams it supports.

Following this review, Lotus is pleased to announce in cooperation with IndyCar that, whilst it remains fully committed to IndyCar in the long term, Lotus has taken the decision to reduce the number of cars it runs from five to three for the remainder of the season. As a consequence of this decision, Lotus has made offers to Bryan Herta Autosport LLC and Dreyer & Reinbold Racing LLC to end the agreements with them. Bryan Herta Autosport LLC will not participate in any further races as a Lotus team and Dreyer & Reinbold Racing LLC will race one more time in Brazil next weekend.

Going forward, Lotus is excited to be working closely with Lotus HVM Racing, the original partner team and Lotus Dragon Racing, who delivered Lotus’ best result so far this season. Lotus wishes Bryan Herta Autosport LLC and Dreyer & Reinbold LLC the very best of luck for the future.

Lotus also intends to continue to assist its engine supplier Engine Developments Limited (EDL) by providing additional resources and financial support to expedite the development program. The details of the arrangement are currently being finalised and the additional support should result in an increased engine performance for the rest of the season.

Claudio Berro, Director of Motorsport Group Lotus, said: “Lotus in IndyCar is like David versus Goliath. We are and always will be a niche British sports car company built for the few not the many. That said I’m delighted with our solution and I can assure everybody that the actions were taken after careful consideration and will assist in ensuring the brand’s high racing ambitions and the high expectations of the IndyCar community are realised.”