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Lotus and Cosworth terminate contract
Lotus and engine supplier Cosworth have officially agreed to end their partnership at the end of the current season.
Cosworth confirmed on Friday that the two parties had signed the termination of their engine supply agreement, one year into the current three-year contract, which will now cease at midnight on November 30, 2010.
The decision to end the partnership was agreed in principle after the Italian Grand Prix, and the team is widely expected to use Renault power in 2011.
"Lotus Racing and Cosworth have agreed settlement terms satisfactory to both parties to secure an early termination of the agreement," said Cosworth in a statement.
"Cosworth wishes Lotus Racing success in the future, and will continue to supply engines to AT&T Williams, Virgin Racing and HRT in 2011, thereby supporting 25% of the teams in Formula One."