Cardotcom.com - The Dotcom Car Resource Facebook YouTube Twitter RSS Feed Newsletter
Browse by category:
Browse by make:
Top 20
Automotive News

Caterham Cars Sold to F1's Team Lotus

Source: Caterham, Autosport.com | Published: Wed Apr 27, 2011

Formula 1 squad Team Lotus Enterprise today announced that it has purchased British sportscar maker Caterham Cars. The acquisition by Tony Fernandes, Kamarudin Meranun and SM Nasarudin, the men behind the Team Lotus Formula 1 squad, from the shareholder consortium led by Corven Ventures, will see the legendary lightweight sportscar manufacturer expand its brand profile and product family.

The acquisition of Caterham Cars by Team Lotus Enterprise will not only signal the continued development of the legendary Seven, but will provide Caterham with the platform to apply its philosophy of 'adding lightness' to exciting new models for the 21st Century.

This exciting new era for Caterham will be led by the company's existing management team, headed up by Caterham Cars Managing Director, Ansar Ali.

Ansar's direction has been responsible for energizing Caterham's export prowess during the last five years, creating the iconic Superlight R500 - Top Gear's Car of the Year for 2008 - and Caterham's first brand new model in 15 years, the stunning SP/300.R sports prototype racer.

Tony Fernandes said: "Caterham has a unique place at the heart of the motoring world. 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.

"Caterham Cars has remained wholly faithful to 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."

Caterham Cars, Managing Director, Ansar Ali, added: "This is yet another exciting chapter in the Caterham story. 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.

"While the Seven will now have the global springboard it deserves and will continue to be evolved yet further, we also have the opportunity to expand the Caterham family beyond the Seven and SP/300.R and breathe new life into our uniquely respected brand and mature it into a truly global business."

Team Lotus boss Tony Fernandes says has no immediate plans to rebrand his F1 outfit as Caterham, despite buying the car company.

Caterham and Team Lotus T128 Formula 1 Car Photo Gallery
Caterham to Make Team Lotus Special Edition Sevens
Automotive News
  Top Top
Latest Updates
Maryeve Dufault to Make NASCAR DebutFormer Lingerie Model to Make NASCAR Debut [w/ video]

Fri Aug 19, 2011

2011 Cadillac Ciel Concept2011 Cadillac Ciel Concept

Fri Aug 19, 2011

2013 Lexus GS 3502013 Lexus GS 350

Fri Aug 19, 2011

2011 Infiniti JX Concept2011 Infiniti JX Concept

Fri Aug 19, 2011

2011 Kia Sports Sedan ConceptKia To Unveil Sports Sedan Concept at Frankfurt

Fri Aug 19, 2011

Desktop Wallpapers
Home | List of Cars | News | Modifications | Miscellaneous | Wallpapers | Most Popular | About Us