Former champions Williams said they will also invest in a wide-ranging partnership with the privately-owned British-based engine manufacturer.
The Malaysian-backed Lotus Formula One team are poised to switch to Renault engines for 2011 after agreeing a termination of their current deal with Cosworth.
Seven times world champion Michael Schumacher will start in 14th place after replacing his engine.
Karun Chandhok has no illusions about what awaits him this weekend when India's sole Formula One driver makes his debut barely a week after sealing the deal. His new Spanish-based HRT team, formerly Campos Meta, have not even conducted a shakedown test of the Cosworth-powered car after narrowly winning a race just to get it ready for the Bahrain season-opener.
'Cyrus was always very different. He would think before acting.'
The Austrian energy drink firm said it had bought the Jaguar Formula One team from Ford.
India's top motor racing driver will take part in the three-day test at the Vallelunga circuit, near Rome, later this week.
Ford said its Jaguar F1 team would pull out at the end of the 2004 season and its Cosworth engine company was also up for sale.
"I am angered that after a long relationship I should get seven minutes notice that they were pulling out," said Eddie Jordan.
Lauda won two world championships in 1975 and 1977 with Ferrari and a third in 1984 with McLaren. His rivalry with British driver James Hunt, the 1976 champion for McLaren, was intense and became the subject of the acclaimed 2013 film "Rush".
The fact is that some of the 999 championship races thus far have been questionable Grands Prix and several past race winners never even drove a Formula One car.
Speaking at last weekend's title deciding US Grand Prix in Austin, the 84-year-old Briton told reporters he hoped to add more American venues to a series that is already set for a record 21 races next year.