Tony Fernandes' GP2 team will officially become Caterham Racing next year as part of the rebranding associated with his Formula 1 team's name switch.
With the Lotus brand transferring to the current Renault F1 team in 2012 after the end of the row over its use, the present Team Lotus F1 squad will become Team Caterham, and all associated businesses will also be brought under the Caterham title umbrella. That means the affiliated GP2 team, which ran as Caterham Team AirAsia this year, becomes Caterham Racing.
As AirAsia, the squad finished sixth in the GP2 standings in its debut campaign this season, winning in Monaco with Davide Valsecchi.