Team Lotus, Renault and Virgin Racing - will be changing their names for the 2012 season .
Paris: The International Automobile Federation (FIA) has confirmed that three Formula One teams - Team Lotus, Renault and Virgin Racing - will be changing their names for the 2012 season .
Team Lotus, which has India's Karun Chandhok as its reserve driver, will now be called the Caterham F1 team. The team has a Malaysian owner in Tony Fernandes.
The Britain-based Renault team will become Lotus, with their full name remaining Lotus Renault GP.
Richard Branson's Virgin Racing will become Marussia F1 team.
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