The Lotus name will return to Formula 1 as a constructor for the first time since 1994.

The company is a partnership between the Malaysian government and a consortium of Malaysian entrepreneurs.

the Lotus entry will be backed a company called 1Malaysia F1 Team Sdn Bhd, with Tony Fernandes as team principal.

Fernandes is the founder and CEO of the Malaysian-based Tune Group, owner of the Air Asia airline.

Lotus team principal Tony Fernandes has no intention of remaining in his role for the long term.

Announcement of two drivers *should* be at the end of October

The team's efforts may best be served by bringing on board an experienced F1 driver.

First images of the 2010 car. http://tiny.cc/DvEtK and http://tiny.cc/vkJUL after having completed the first wind tunnel model

Former Proton general manager Riad Asmat is appointed to the role of Chief Executive Officer.

The aerodynamic engineering company Aerolab, is partnering with the Lotus Formula 1 team.

Aerolab has worked with Renault, Force India, and Toyota in Formula 1.

Lotus F1 Does not *need* a Malaysian driver in 2010, but a driver from that part of the world sometime in the future would be welcome.

Malaysian and former F1 driver, Alex Yoong has joined the Lotus team to head up its young driver development programme.

Jarno Trulli and Heikki Kovalainen will race for Lotus next year.