(CNN) -- Having competed under the Renault name in 2011, the rebranded Lotus team enter the new season hoping to avoid the off-track issues which blighted their preparations for the last campaign.
In February 2011, Polish driver Robert Kubica suffered serious arm injuries in a rally crash and missed the whole season after undergoing surgery.
Kubica announced in November that the start of the new season would also come too soon for him, meaning Lotus had to announce an all-new driver line-up for 2012 of former Ferrari star Kimi Raikkonen and France's Roman Grosjean.
Former world champions Renault finished the last two seasons fifth in the constructors' standings, and the Britain-based team -- still powered by the French engine manufacturer -- will want to improve this year after a less turbulent preseason.
The 2007 world champion is making his return to Formula One after a two-season absence, during which he competed in the World Rally Championship and the U.S. open-wheel NASCAR series.
The Finn has racked up 18 grand prix wins during a nine-season F1 career which has included stints with Sauber, McLaren and, most recently, three years with Ferrari.
The 32-year-old has undoubted pedigree, but it remains to be seen whether he can rediscover the skill which made him the best driver on the grid five years ago.
Raikkonen insists he still has the hunger to succeed, a claim which has been backed up by some impressive performances in preseason testing.
The Frenchman returns to the team he has raced for on seven previous occasions, having made his F1 debut for Renault at the 2009 European Grand Prix.
The 25-year-old spent last year as a Renault test driver and took part in Friday practice at the Brazilian and Abu Dhabi races. Grosjean's best result so far is a 13th-placed finish at the 2009 Brazilian Grand Prix.
As a former GP2 champion, the Switzerland-born racer will seeking to prove he can cut it in the elite division of motorsport.
Australia: Raikkonen 7th, Grosjean DNF
Malaysia: Raikkonen 5th, Grosjean DNF
China: Grosjean 6th, Raikkonen 14th
Bahrain: Raikkonen 2nd, Grosjean 3rd
Spain: Raikkonen 3rd, Grosjean 4th
Monaco: Raikkonen 9th, Grosjean DNF
Canada: Grosjean 2nd, Raikonnen 8th
Europe: Raikkonen 2nd, Grosjean DNF
Britain: Raikkonen 5th, Grosjean 6th
Germany: Raikkonen 3rd, Grosjean 18th
Hungary: Raikkonen 2nd, Grosjean 3rd
Belgium: Raikkonen 3rd, Grosjean DNF
Italy: Raikkonen 5th, Grosjean DNS
Singapore: Raikkonen 6th, Grosjean 7th
Japan: Raikkonen 6th, Grosjean 19th
Korea: Raikkonen 5th, Grosjean 7th
India: Raikkonen 7th, Grosjean 9th
Abu Dhabi: Raikkonen 1st, Grosjean DNF
Brazil: Raikkonen 10th, Grosjean DNF