“Our efforts are concentrated behind our objective to be a contender once more for the 2015-16 championships, to continue the proud heritage of the 1994-95 and 2005-6 world championship titles achieved by Enstone,” he said.

Lopez, the Genii-owned team that will run 2007 world champion Kimi Raikkonen and reigning GP2 champion Romain Grosjean in 2012, made the announcement as he revealed two appointments; that of chief executive and of chief operating officer.

The team was founded as Toleman, becoming – under different owners – the title-winning Benetton and Renault squads in subsequent decades from the same Enstone headquarters.

Lopez added: “Our fight to return to the front of the grid is a continual process, and we are leaving no stone unturned.”

YallaF1.com