Team Lotus will use drivers racing for their AirAsia GP2 team for Formula One test and reserve roles next year.
Fairuz Fauzy, the Malaysian driver, carried out those duties this season for the F1 team, owned by Tony Fernandes, the entrepreneur and boss of Malaysia-based AirAsia, but the 28-year-old has since been released.
"The GP2 drivers will be test and reserve drivers," a spokesman for Lotus said yesterday.
"There will be two guys who will be given that opportunity to bridge the gap [between GP2 and Formula One]."
Team Lotus competed as Lotus Racing this season and finished as the best of the new entrants despite failing to score a point.
They are hoping to close the gap with the more established teams and, while their race drivers, Jarno Trulli and Heikki Kovalainen, are well rewarded, spending money on improving their car's performance has been made a priority.
Next year they will be competing against Lotus Renault GP, the Renault F1 team who have signed a title sponsorship deal with Lotus Group that will eventually see the Malaysian-owned sportscar maker take a significant stake in the team.
Both the rival Lotus teams will also compete in the GP2 support series with their own teams, Fernandes entering with the new Team AirAsia.
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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COMPANY PROFILE
Fire and Fury
By Michael Wolff,
Henry Holt
Results
Five famous companies founded by teens
There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:
- Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate.
- Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc.
- Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway.
- Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
- Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
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