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Caterham F1 Team is a Malaysian-owned Formula One team based in the United Kingdom. The team will compete as Caterham for the first time in the 2012 Formula One season, following the renaming of the outfit that raced as Team Lotus in 2011. This followed the acquisition of British sportscar manufacturer Caterham Cars by team principal Tony Fernandes, forming the Caterham Group.[4]
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Fernandes' team originally entered Formula One in 2010 as Lotus Racing, using the Lotus name under licence from Group Lotus. When Group Lotus' parent company Proton terminated the licence, Fernandes acquired the privately-owned Team Lotus name for use in the 2011 season. As Proton began legal proceedings against the team, Fernandes acquired Caterham Cars. In November 2011 the team applied to the Formula One commission to formally change their constructor name for the 2012 season from Lotus to Caterham, while Renault changed their name to Lotus.[5] Permission was granted before being formally ratified at a meeting of the FIA World Motorsport Council.[6] The team finished 10th in the Constructors Championship in 2011, with three 13th place finishes; two from Trulli, the other from Kovalainen.
Trulli and Kovalainen re-signed with the team, under its new guise of Caterham, for the 2012 season.[1]