The name may be the same, but make no mistake; this is a completely different Lotus racing team.

The second of the four new Formula One racing teams recently unveiled their 2010 Formula One car, the T127 at London’s Royal Horticultural Halls.

Owned by Malaysian businessman Tony Fernandes, the new Lotus team does have some ties with the other Lotus brand in the form of the team’s financial backer, Proton, which, coincidentally, owns the sports car brand Lotus->ke49.

The unveiling of the T127 was attended by some of the team’s top big wigs, including new technical director Mike Gascoyne who previously held that position with Toyota and Force India. Joining Gascoyne in the launch of the new car were Jarno Trulli and Heikki Kovalainen who will be given the distinction of piloting the first Lotus cars to race in Formula One for the first time in 16 years.

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