Gascoyne to stay at Lotus until 2015

Although they’re still in the midst of their debut season, Lotus have shored up their future success in Formula One racing by inking a five-year deal with chief technical officer Mike Gascoyne. The new contract means Gascoyne will stay at the team until at least 2015.

“Mike’s five year deal is a major announcement for the whole Lotus Racing team,” explained team principal Tony Fernandes. “It shows just how serious we are, not only about how far ahead we are setting our aspirations, but also as a reward to Mike for the incredibly hard work he and the team have already put in to get us from literally four people back in September ’09 to our current position as a serious F1 player with a very bright future ahead of us.