by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
GP Week : Issue 114
F1 NEWS >> Team Lotus confims Caterham takeover TEAM Lotus is the new owner of the famous British sportscar manufacturer Caterham, after confirming their 100% takeover of the firm at a press event in Duxford, England on Wednesday, as revealed by GPWEEK last week. The new partnership will see Team Lotus expand the Caterham brand profile and product family, and continue to develop and legendary Caterham Seven. “Caterham has a unique place at the heart of the motoring world,” said Team Lotus team principal Tony Fernandes. “As well as being proudly and staunchly British, it has an enviable and uniquely unblemished reputation within the industry for performance, handling and engineering excellence.” The purchase was made by Team Lotus Enterprise, the parent company of the Team Lotus F1 team which is owned by Fernandes and business partners Kamarudin Meranun and SM Nasarudin. Caterham’s existing management team will continue to be in charge at their Dartford HQ. “Caterham Cars has remained wholly faithful to [Team Lotus founder] Colin Chapman’s philosophy of ‘less is more’, and the DNA of the original Seven can still be traced to the newest additions to Caterham’s product offering,” continued Fernandes. Managing director at Caterham Cars, Ansar Ali, was also fondly looking forward to the new partnership. “ This is yet another exciting chapter in the Caterham story,” said Ansar. “Until now, the resources Caterham has had at its disposal have, naturally, limited the exposure of the Caterham experience and the legendary Seven has had to rely almost entirely on its remarkable reputation and legacy. “ We will remain entirely true to the philosophy that we, as custodians of one man’s motoring concept, have protected for nearly 40 years. However, the acquisition of the company by Team Lotus Enterprise will allow our existing management team to take Caterham’s core spirit of pure driving enjoyment to a hitherto un-served audience.” Team Lotus are currently involved in a court battle with Group Lotus over the right to use the “Team Lotus” name in Formula One. Although the team is confident of succeeding, the Caterham name could find itself on the Formula One grid in the near future if Group Lotus prevail in the London High court next month. For your daily dose of Formula 1 news ... 11