Some financial wheeler dealing will see the Renault F1 Team renamed Lotus Renault GP for the 2011 Formula One season. Black and gold is back.
The iconic livery - harking back to the JPS era cars (the era before smoking killed you with cancer) - returns to the grid because Group Lotus has bought into the Renault team with backing from Genii Capital.
The financial details are boring, to be honest, and also slightly confusing because it means there'll be two Lotus teams on the grid in 2011: Team Lotus, who competed this year, and this new team comprising Group Lotus and Renault.
It's a complex relationship that will see some of the technology Genii has invested in, like lightweight braking systems, Kinetic Energy Recovery Systems (KERS) and cutting edge variable engine compression, make it to Lotus road cars.
Group Lotus CEO Dany Bahar said: "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."
At the same time, Renault has announced the creation of Renault Sport F1, which will take charge of supplying engines and tech to Formula One clients. To start with, engines will go to Lotus Renault GP, Red Bull and 1 Malaysia Racing Team UK.