Feb.7 (GMM/Inautonews.com) Lotus – the former Renault team – will continue to receive the French carmaker’s backing in 2012.

The Renault chassis name has now departed the grid, but Renault remains one of F1’s few engine suppliers.

While the French marque’s focus is the championship-winning Red Bull team, the word ‘Renault’ remains prominent on Lotus’ new black and gold E20 car livery.

Italy’s La Gazzetta dello Sport, however, said the Enstone based team is now paying for its 2.4 litre V8 power.

“But only 70 per cent,” said Renault’s Jean-Francois Caubet, “because we remain sponsors of the team from Enstone.

“We also have a technical collaboration that relates to KERS and the turbo V6 engine that will come in 2014,” he added.