Simplify the following text for a Grade 8 native English-speaking person.
Original: Classic Team Lotus continues to maintain Lotus F1 cars and run them in the FIA Historic Formula One Championship and it preserves the Team Lotus archive and Works Collection of cars , under the management of Colin Chapmanâ s son , Clive .
Simplified: They race them in the FIA Historic Formula One Championship . It keeps the Team Lotus archive and the Works Collection of cars .