Team Lotus isn't Team Lotus any more. Lotus F1 team is pleased.

Alex Goy

One of the biggest off track F1 battles of the last few years is finally over. Tony Fernandes' team, Team Lotus, is set to officially change its name, while all of the Lotus names Team Lotus went by will return to actual Lotus' Norfolk hands.

Fernandes and Lotus reached a settlement, the full details of which haven't been disclosed, over the names. Here's what's going to happen: