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

Article by Christian A., 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

Recommended

Opel revealed it has sweetened the pot for 2017 Insignia Grand Sport customers with the Opel Exclusive program. Through this program, the brand hopes to introduce a wide selection of...
by - February 22, 2017
Fireball Performance Cars has been known to make the fastest sixth generation LT1 Camaros in the world. Once again it has managed to walk the talk as it hit a...
by - February 22, 2017
The North American unit of German premium carmaker BMW is recalling around 19,000 units of its BMW i3 electric vehicle because of the risk of fuel leak. You may ask,...
by - February 22, 2017
A publication by the U.S. Patent and Trademark Office revealed that Honda is still looking into the Project 2&4 Concept. Officially unveiled during the 2015 Frankfurt Motor Show, the Project...
by - February 22, 2017
Barely a month before its official debut, Hyundai gave everyone a taste of what’s to come with the 2017 Hyundai i30 Wagon. Despite what little was shown, it did not...
by - February 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries