FIA approves name changes for three F1 teams

FIA approves name changes for three F1 teams

Team Lotus, which has India's Karun Chandhok as its reserve driver, will now be called the Caterham F1 team. The team has a Malaysian owner in Tony Fernandes.

The Britain-based Renault team will become Lotus, with their full name remaining Lotus Renault GP.

Richard Branson's Virgin Racing will become Marussia F1 team.