Caterham announces development of a completely new line of accessible and affordable sportscars

Article by Christian A., on September 27, 2011

Caterham Cars has disclosed the details of its standalone engineering business Caterham Technology and Innovation Limited (CTI). This is the company’s first announcement since its takeover in April.

The company will oversee the development of a completely new range of affordable and accessible sports vehicles inspired by the Seven's minimalist, lightweight philosophy and drawing on the innovations and materials from the Group’s Team Lotus Formula One and Caterham Team AirAsia GP2 motorsport operations. Caterham Cars is the maker of the legendary Seven.

On top of the next generation of Caterhams, CTI will carry out advanced projects for external companies operating in the aerospace and automotive sectors. CTI Chief Executive Mark Edwards stated that the new shareholders are dedicated to investing in a lineup of world-class products in the next 10 years.

He added that Tony Fernandes has been very clear from the very beginning that Caterham required a sustainable research and development business model to meet the plans that the management has for the road vehicle business.

He further stated that by establishing unique operating principles for CTI, they have managed to attract a global team of niche vehicle engineers who are enthusiastic to build on the ethos of Caterham and the DNA of the Seven.

Tony Shute will be among the first in a series of esteemed industry personalities to join the new operation. He will serve as Head of Road Cars for the new business. As an avid motorsport competitor in his own right, he takes the credit for bringing the groundbreaking Series 1 Lotus Elise to market.

Topics: caterham

If you liked the article, share on:

Comments

Recommended

Like it or not, Chevrolet may soon be offering a cheaper Camaro in hopes of competing with Dodge Challenger and Ford Mustang GT. Apart from the less expensive trim, the...
by - August 17, 2017
Recently, Porsche revealed a new Macan Turbo wearing a Performance Package and a unique Porsche Motorsport themed paint. At first look, it will remind you of the 919 Hybrid and...
by - August 17, 2017
The BMW M1 will be one of the most exclusive cars that will be showcased at the upcoming 2017 Pebble Beach Concours d'Elegance, alongside many other extravagant models. Firstly, there...
by - August 17, 2017
Aston Martin Vanquish Zagato makes its debut with a total of four variations including the Speedster and the Shooting Brake trims. As part of the limited edition model, the company...
by - August 17, 2017
Mitsubishi finally introduces the new Xpander MPV at the 2017 Indonesia International Auto Show in Jakarta Indonesia. Replacing the previous Expander, the new multipurpose vehicle will be mostly sold at...
by - August 16, 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