Simplify the following text for a Grade 8 native English-speaking person.
Original: Team Lotus , formerly Lotus Racing and also referred to by the company name 1Malaysia F1 Team by the Malaysian media and parliament , is a Formula One team , which made its debut in the 2010 Formula One season .
Simplified: Lotus Racing is a Formula 1 racing team . The team was created by the Malaysian government and Proton .