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Topic - Eric Boullier
Formula One team bosses say the escalating costs of doing business _ set to climb even higher next season _ mean there is something "fundamentally wrong" with the sport.
Facing possible interest from Red Bull, Lotus says it will try to persuade Kimi Raikkonen to stay in 2014.
Lotus has appointed Nick Chester as its technical director, replacing James Allison who is leaving the Formula One team.
Team principle Eric Boullier said Lotus chose the veteran Kovalainen over reserve Davide Valsecchi in part because the team is still fighting for a better position in the constructor's championship, where it currently sits in fourth.
"We may have missed an opportunity to just sit down with the commercial rights holder and renegotiate something which could have been more in favor of the teams, but we failed," Boullier said.