Nov.19 (GMM) 'Proton 1Malaysia' has been touted as a possible new name for Tony Fernandes' formula one team in 2011.

Currently, the team currently known as Lotus Racing is locked in a dispute with Group Lotus, who intend to separately enter F1 next year in collaboration with Enstone based Renault.

That raises the messy possibility of two teams being called 'Lotus'; a situation that now involves the courts and also the Malaysian government, part-owner of the Group Lotus parent and carmaker Proton.

The proposed new name for Lotus Racing was published by The Advertiser, a regional UK newspaper close to the Norwich headquarters of both Fernandes' team as well as Group Lotus.

It would be a tidy solution to the current dilemma, probably involving sponsorship for Fernandes' small team to compensate for the lost FOM revenue due to a name change, and clearing the way for Renault F1 to be renamed Lotus-Renault in 2011.

And Fernandes' team "will become a flagship Malaysian constructor hoping to build on tenth place in its first season", said the report.

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