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

Article by Christian Andrei, 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

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