Lotus Racing says it will not make any further comment on its argument with Proton until a decision about the usage of the Team Lotus name has been reached.
The team announced in Singapore that it would run under the Team Lotus banner for the 2011 F1 season only for Proton – the owners of Group Lotus – to claim that the team had no right to use the name.
That has led to the team headed by Tony Fernandes preparing for High Court action but after a meeting between deputy team principal Dato' Kamarudin Meranun and Proton adviser Tun Dr Mahathir, Lotus Racing says it will now make no further comment until the matter is resolved.
“In a bid to alleviate the public confusion surrounding the ongoing matter between Lotus Racing and Proton / Group Lotus, Lotus Racing shareholder and Deputy Team Principal Dato' Kamarudin Meranun recently had the opportunity to meet Proton Adviser Tun Dr Mahathir,” a statement from the team read. “The meeting was to discuss the matter in person and agree a future course of action for Lotus Racing.
“Lotus Racing believes it is acting within its own rights, and as a result of this meeting, the team will now refrain from making any further comments on the matter. This action is upon advice from Tun Dr Mahathir, and it is out of our respect for him that we will act upon his wishes as he has supported us since our inception, and his backing has been invaluable in our growth.
“We are very grateful for having had the opportunity to put forth our case and have complete trust that a fair review will be made, and a decision on the matter will be announced in due course.”