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New Lotus launched

12 February 2010 @ 17:15 GMT - Charles Cooper

The new Lotus F1 team launched their new car on Friday in London. The car is called the T127 and carries the colours used by the legendary team back in the 60s. The team is returning after it quit the sport at the end of the 1994 season.

The team is now owned by Malaysian billionaire Tony Fernandes. "Words cannot express how I feel today. It is an amazing job to get an F1 licence, have five people in Hingham and turn up today with this car," said Fernandes.

"I was thrilled when Clive [Chapman] said that this was just like the beginning of Lotus back in the early days. We know we have a huge burden on our shoulers, standing on the shoulder of giants - Clark, Moss, Hill, and Mansell," he said.

"We know we have a tremendous journey in front of us, we are honoured and cherished to be a part of history - we will leave no stone unturned in our efforts and we will do our best to return Lotus to its glory days," he said.

The team will start testing at Jerez in Spain next week and the car had its shakedown at Silverstone no Tuesday. The team has signed Jarno Trulli and Heikki Kovalainen for the 2010 F1 season.

The outfit became the second of the new teams who have launched their new car. Mike Gascoyne is the team's technical director and he says the teams outfit is to do a professional job this year.

"We are looking in really good shape. We have to improve the pace of our car and the results from wind tunnel, but that will come with time. Our first aim was to be on the grid - to be a professional team where everything is to be F1 standard. We definitely will do that. The team will look good and step one has been achieved," he said.