Tony Fernandes , Team Lotus Team Principal, AirAsia Group CEO and Malaysia's iconic entrepreneur, has been awarded a Commander of the Order of the British Empire honour by Her Majesty Queen Elizabeth II.

Chris Sawyer, Executive Editor of US-based website Cars In Context, reflects upon this week’s developments in the dispute over the IPRs to the Team Lotus Trade Marks in an inciteful article on AROnline. Check out what he has to say here.

JARNO TRULLI: "It has been a very positive first day, despite the fact we deliberately didn't set any meaningful laptimes as the car is missing a few parts that will be with us tomorrow. Nevertheless, the car feels great - it has good grip and today we were able to concentrate on carrying out work on the systems which we were going to have to do at some point anyway. Now we can concentrate on building up the performance levels tomorrow and in the next tests, so while it's a shame I couldn't have a full taste of the car, it was still a very positive first day in the new car."

Today's announcement by Bernard Rey, President of Renault Sport, of the engine partnership with Renault from the 2011 season and beyond finally confirms one of the most interesting stories of the 2010 Formula One™ season and is a clear sign of the strength of the Anglo & Malaysian team's ambitions to move up the grid as quickly as possible. Team Principal Tony Fernandes, Chief Technical Officer Mike Gascoyne and Chief Executive Officer Riad Asmat gave their thoughts on the announcement today.

Lotus Racing has today announced that the Anglo-Malaysian squad has agreed a deal with Red Bull Technology for the supply of gearboxes and hydraulic systems from the 2011 season and beyond. The announcement marks the next critical building block in the process of stepping up the team’s challenge for honours in the FIA Formula One™ World Championship and is a major statement of intent about their future aspirations.