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The 2012 Goodwood Festival of Speed is nearly upon us.

Taking place 28 June – 1 July, we're now approaching that exciting period where each partaking manufacturer begins to announce their plans for the event.

Today Lotus have revealed what they'll be bringing to the table. At this year's event, the only V12-powered Lotus Formula 1 car – the 102 – will be driven by its 1990 season driver Martin Donnelly for the 1.16 miles that comprise the notorious Goodwood hillclimb.

Meanwhile, the car's owner – Andrew Morris – will be busy rowing 2,587 miles across the North Atlantic Ocean.

A challenging, auspicious day for all concerned, I'm sure you'll agree.

Only, rowing across the Atlantic will obviously take more than a day. Indeed, the team anticipate spending at least two months at sea as they leave Canada on 13 May and begin their massive row to London. Two months immersed in the worst the North Atlantic Ocean has to offer – bitter cold, fog, storm force winds, icebergs, gargantuan waves and erratic currents.

Navigating the Bristol Channel via various inland waterways, the team aim to arrive in London in time to enjoy the opening ceremony of the London 2012 Olympics.

Lotus will have you know that, even though lives won't so much be at risk, the 1.16 miles of the Goodwood Hill that will be tackled by the Lotus 102 will prove to be equally as challenging.

The Lotus 102 will be one of 40 significant Lotus race and road cars to tackle the Festival Hillclimb that weekend as Goodwood celebrate the iconic, innovative and treasured British brand.

More details concerning the type of thing you might expect to see at the 2012 Goodwood Festival of Speed will be posted as they become available.

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