2 Lotus F1 teams

Latest press release from Lotus.



Group Lotus plc and Genii Capital are joining hands and we will soon see the Renault F1 Team renamed as ‘Lotus Renault GP’ from the start of the 2011 racing season onwards.



Group Lotus plc will acquire a major equity stake in the team from Genii Capital. Genii, an investment holding company with a portfolio of automotive technologies, bring non-F1™ technologies such as lightweight braking systems, variable compression engine technology and on board software systems to the partnership. In addition to this, Genii is also offering Proton the ability to leverage on its existing business relationships in Russia and other parts of the world, as a means to expand Proton's global reach. Through Genii, Proton can also potentially access advanced automotive technologies by virtue of Genii’s association with Mangrove, a venture capital group.



However, I wonder where that leaves Team Lotus (also powered by Renault) led by AirAsia CEO Datuk Seri Tony Fernandes.



Some quotes:



Group Lotus CEO Dany Bahar:

"I can think of no better platform for automotive brand communications than motorsport and F1™. We’re well aware that there has been a lot of controversy around the usage of our brand in F1™ and I’m delighted to be able to formally clarify our position: We are Lotus, and we are back.”

Dato' Sri Mohd Nadzmi Mohd Salleh, Chairman of Proton, Lotus majority shareholder:

"We know that Group Lotus has much to offer Formula 1™ and vice versa. After careful consideration, we believe this arrangement will be fruitful, both from a commercial and marketing point of view."

Tun Dr Mahathir Mohamad, Proton advisor and former Prime Minister of Malaysia:

"This is an exciting development which delivers strategic benefits to both Group Lotus and Proton. I fully support the partnership."

Carlos Ghosn, Chairman and CEO of Renault:

“This multi-partner alliance will bring a new dynamic to the team and enable it to compete with the sport’s best from next season.”

Gerard Lopez, founding partner of Genii Capital:

“For Group Lotus, access to Formula 1™ opens up new marketing opportunities and a major platform for business exchanges and development. In this regard, Genii Capital possesses shareholdings in, and direct access to, cutting edge companies in the automotive industry. Our tie-up with Group Lotus and Proton, which will enable its future road car ranges to take advantage of significant new technologies, is a natural step.”

Malaysia to become regional hub for Peugeot

French carmaker Peugeot has chosen the Malaysian Naza group to spearhead its expansion in the region following the success of the marque in the country. The Naza Group was appointed official distributor for the Peugeot brand in January 2008. 3,766 units of Peugeot vehicles were sold in 2009 which accounted for 86% of Peugeot sales in the Asean region.



Former Malaysian PM Tun Dr Mahathir launched the Peugeot 207 yesterday. Codenamed as the T33 Project, the car is different from the 207 sold here in the UK and is actually a modified version of the 206. The only difference from the 206 is that it has a slightly elongated boot at the back making it a sedan. The car will be assembled at the Naza plant in Gurun, Kedah.



The car is powered by a 1.6L engine and price on the road with insurance starts from RM72,888 (approx. £14647).



Are you looking for car rental France?

Review of MillionCars website

I recently found out about a new Malaysian online car marketplace called MillionCars. It is is not the typical car site and targets all income ranges of consumers in Malaysia. The website has not been even officially launched even though it's already online. Right now it only offers limited features to the users and the first phase development of this website is just to give a chance for the dealers and buyers to get used to the website.

At this moment, individuals or dealers can register. The individual account is open to anyone in Malaysia who wants to sell a car. Individuals would receive 25 credits at registration and they can use the credits to post, renew, add and pro long their ads. If they want to post more than 4 ads, they need to upgrade their account to a dealer.



The second type of account is strictly for car dealers. They will receive 250 credits at the time of registration and they will also get their own online showroom that can be seen from the "Dealer" Page. The free registration promotion for dealers will end mid November (Nov 15, 2010). The google map feature has been integrated to make it easier for the customers to get to their selected dealer's showroom.



As for payment options, the website is integrated with the iPay88, a Malaysian company that offers safe bank online payments. It works just like Paypal. The iPay88 payment system allows different payment systems.



According to Muhammad Nasri, they plan to offer extra features in the next few months for both the buyers and sellers. They are in the process of tweaking the site to make it more user-friendly.



The user could browse used or new cars easily from the front page. Also, keep in mind that this website is not targeted for middle range type of consumers but rather, targeting for all types of consumers in Malaysia.