Cosworth has announced that it has reached an agreement to end its current engine supply deal with the Lotus team.Like fellow newcomers Virgin and HRT, Lotus had entered a three-year agreement with Cosworth prior to joining the Formula One grid at the start of this year.However, with Cosworth agreeing to break that contract, it paves the way for Lotus to use an alternative engine supplier, widely tipped to be Renault from 2011 onwards.Maybe we can see Lotus in the mid team or in top 5 next year.Read the full news from ESPN F1 below.
COSWORTH TO PART COMPANY WITH LOTUS
Cosworth has confirmed that next year’s Lotus car is unlikely to be powered by its engines.
Lotus team owner Tony Fernandes hinted after the Italian Grand Prix that a deal had been struck for the team to use Renault V8 engines next year and the British independent engine maker said on Sunday that an agreement had been reached ‘in principle’ to part company.
“Cosworth has reached an agreement in principle with Lotus Racing whereby the team’s Cosworth engine supply agreement will come to a conclusion at the end of the current Formula One season,” read the Cosworth statement.
“This agreement is subject to contract and until the agreement is signed, neither party will be making any further comment.”
It is believed that Cosworth, who also supply engines for Williams, Virgin Racing and HRT, would like to sign another customer team for 2011.