However, a clause included in Räikkönen's contract would soon result in Lotus facing some serious bills. The team promised Räikkönen €50,000 for every point scored across his two-year contract.

With their talisman gone, Lotus' former competition manager Peter Warr took over in 1983 as the team changed from Cosworth to Renault turbo engines. Lotus's 1983 was torrid.

Clearly, Colin Chapman and Team Lotus wanted in, and in 1963, the outfit entered the Greatest Spectacle in Racing with Jim Clark and Dan Gurney.

British driver Clark was intrinsically linked with Team Lotus in its formative years, winning titles in 1963 and 1965 and the "iconic" Lotus 25/R4 in which he won his first crown will join the display ...

An F1 team hasn’t carried the automaker’s name in nearly a decade now, but it used to be a dominant force in the sport. Between 1963 and 1978, Team Lotus won seven constructors and six driver ...

The Brit made a name for himself by driving for British team Lotus, which he took to two Formula One World Drivers' Championship titles in 1963 and 1965. The second time he took the racing world's ...

An F1 team hasn’t carried the automaker’s name in nearly a decade now, but it used to be a dominant force in the sport. Between 1963 and 1978, Team Lotus won seven constructors and six driver ...

The team promised Räikkönen €50,000 for every point scored across his two-year contract. The Finn scored 390 points throughout the 2012 and 2013 seasons, which meant that Lotus F1 had to pay ...