<p>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.<br /><br />The Britain-based Renault team will become Lotus, with their full name remaining Lotus Renault GP.<br /><br />Richard Branson's Virgin Racing will become Marussia F1 team.</p>
<p>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.<br /><br />The Britain-based Renault team will become Lotus, with their full name remaining Lotus Renault GP.<br /><br />Richard Branson's Virgin Racing will become Marussia F1 team.</p>