Caterham has decided to put all recent rumors to rest by confirming that they have indeed sold their Formula One team to a consortium of Swiss and Middle-Eastern investors, which will allow the Caterham Group to focus on their other endeavors.
In other words, the remaining brands of the group – Caterham Cars, Caterham Composites, Caterham Technology & Innovation (CTI), Caterham Racing (in GP2), Caterham Moto Racing Team (Moto2) and Caterham Bikes – will be kept under the direction of CEO Graham Macdonald and shareholders Tony Fernandes and Kamarudin Meranun.
The Caterham F1 Team will continue its foray into Formula One with none other than Colin Kolles at the helm and backing from the aforementioned sources.
“Firstly, I want to thank everyone who was involved in the F1 team for all their hard work and dedication since the team’s first days in 2009. We have now secured an exciting new future for the F1 team with Dr Kolles that will allow the Caterham name to remain in Formula 1, giving us all the benefits of that exposure but also allowing us to focus our resources on new Caterham product development whilst leaving F1 to enter an exciting new chapter under the guidance of the new owners.” said Graham Macdonald, Caterham Group CEO.
“The future for us now lies with all the exciting brands that make up Caterham Group. We will be looking to maximise the benefits of the F1 platform across all our brands , working closely with the new team owners, and our core focus is still on launching the brand new two-seat Caterham Car, a project we will be making more announcements about in due course.” Macdonald continued.
Apparently, the order books for Caterham Cars are full until the beginning of 2015, with the manufacturer needing to ramp up production in order to satisfy the unprecedented demand for the Caterham Seven, not to mention the fact that they are also working on an entirely new model – which until recently was in collaboration with Renault Sport.
By Alex Oagana
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