On 8 December, 2010, Renault announced that they had sold their remaining ownership shares in the team to Genii Capital, a private investment group. Those shares was then purchased by Lotus Cars, which is owned by Proton. Proton owns Lotus Cars. The team was named Lotus Renault GP since 2011. They continued to use Renault as the chassis name. The cars had a black and gold paint scheme, similar to the historic "John Player Special" sponsorship that Lotus had in the 1970s and 1980s.
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