F1 2010 newcomer Lotus Racing is now free to finalise and confirm its anticipated engine-supply and technical tie-up with Renault for next season, following the official termination of the team's contract with Cosworth.

Lotus and Cosworth joined forces last September, and a short statement from the former explains that the current partnership will end 'at midnight on 30 November, 2010', just over a fortnight on from the final grand prix of the campaign in Abu Dhabi.

'Lotus Racing has enjoyed a successful season with Cosworth and has enjoyed excellent performance, reliability and support from their engine-supply,' it reads. 'The decision to bring the partnership to an early termination has been driven by the team's desire to solve reliability and performance issues unrelated to the Cosworth engine.

Related Articles

'Lotus Racing and Cosworth have agreed settlement terms satisfactory to both parties to secure an early termination of the agreement. Cosworth wishes Lotus Racing success in the future, and will continue to supply engines to Williams, Virgin Racing and HRT in 2011, thereby supporting 25 per cent of the teams in F1.'