Under the terms of the agreement, Lotus F1 Team will be supplied with Mercedes-Benz Power Units by Mercedes AMG High Performance Powertrains (HPP) based in Brixworth, UK. The Power Unit will use Fluid Technology Solutions developed by PETRONAS, the technology partner of Mercedes-Benz.

Lotus F1 Team will continue to design and manufacture its own transmission at its Enstone base where work is already underway on the team’s 2015 challenger, the E23 Hybrid.

We are pleased to have been chosen by Mercedes AMG High Performance Powertrains in a significant long term deal. We intend to return to the front of the field with the goals of winning Grands Prix and being a strong championship contender once more and we see this new agreement as one step towards this aim. The Mercedes-Benz Power Unit has shown good performance on track and it is our goal to marry this motive force to Enstone’s chassis expertise. It is our desire that the E23 Hybrid, powered by Mercedes-Benz, heralds a new era of success for Enstone. At this juncture we would also like to thank Renault, who have been so closely associated with the team over its history and for the joint success we have achieved together.

—Matthew Carter, CEO, Lotus F1 Team