Caterham is not for sale, says co-Chairman Tony Fernandes

Article by Andrew Christian, on May 28, 2014

Two days ago, a Malaysian report said that the Caterham Group could be sold for almost $590 million. An answer for this report came quickly from Tony Fernandes, a.k.a. the co-chairman of the Caterham Group. As expected, Fernandes dismissed the reports saying that he remains wholly committed to the Caterham brand.

The press release also added that the reports that are currently circulating are factually incorrect. Despite the fact that the Caterham F1 team didn’t manage to win any point in the F1 championship in 2012 and 2013, the company will continue to develop new sports cars and enter new segments.

For those who don’t know, Caterham also collaborated with Renault on the upcoming Alpine brand but things didn’t go according to plans and the partnership between the two companies came to an end.

Fernandes confirmed: "The Caterham Group is not for sale. We love what we build and we are always looking for further investment. This is no different to how we started AirAsia. Yes, we are constantly challenging ourselves and making decisions on everything from the structure to projects within the Group. That is normal business. That does not mean we are selling." [source: Caterham Group]

Topics: caterham

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Bentley Motors has just released the specs of the new Bentayga Diesel. Obviously, we couldn’t wait to share it here since it’s the first ever diesel model to come out...
by - September 26, 2016
A big chunk of Volvo Cars’ legacy in developing the most durable and capable car is evident in its latest Cross Country collection. Suffice it to say, our planet has...
by - September 21, 2016
Just very recently, we were all delighted to finally see a Bugatti Chiron out in the streets casually hanging around Cannes in France. The said car was purchased by a...
by - September 9, 2016
Earlier this year, Aston Martin wowed the world with a stunning concept car – the Vanquish Zagato. The concept made its first appearance in May during the Concorso d’Eleganza Villa...
by - September 7, 2016
Lamborghini has always been known to be the home to exotic supercars. The Italian automaker’s production facilities have hosted uniquely designed and powerful show-stopping supercars. It all started with the...
by - September 5, 2016