In 1986, the team was renamed to Benetton Formula, following its purchase in 1985 by the Benetton family. The team's Formula One history started in 1981 as the Toleman Motorsport team, based in Witney, Oxfordshire, England. Main articles: Toleman Motorsport, Benetton Formula, and Renault in Formula One The Lotus F1 Team name was officially dropped on 3 February 2016, as Renault announced that the team would compete as Renault Sport Formula One Team. The team was sold back to Renault on 18 December 2015. The team achieved a race victory and fourth position in the Formula One Constructors' World Championship in their first season under the Lotus title. Lotus F1 was named after its branding partner Group Lotus. The Lotus F1 Team was majority owned by Genii Capital. The team competed under the Lotus name from 2012 until 2015, following the renaming of the former Renault team based at Enstone in Oxfordshire. Lotus F1 Team was a British Formula One racing team. For the team that competed in 2010 as Lotus Racing and 2011 as Team Lotus, see Team Lotus (2010–2011). For the team that competed in 1995 as Pacific Team Lotus, see Pacific Racing. For the original 1954–1994 motorsport team, see Team Lotus. This article is about the Formula One team that competed as Lotus from 2012 to 2015.
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