On 8 December, 2010, Renault announced that they had sold their remaining ownership shares in the team to Genii Capital, a private investment group. Those shares will be purchased by Lotus Cars, which is owned by Proton. Proton owns Lotus Cars. The team will be named Lotus Renault GP for 2011. They will continue to use Renault as the chassis name. The cars will use a black and gold livery (paint scheme). It will be similar to the historic "John Player Special" sponsorship that Lotus had in the 1970s and 1980s.