Team Lotus buys Caterham Cars
Apr 27, 2011 | 10:56 PM
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Team Lotus buys Caterham Cars
Team Lotus buys Caterham Cars - GPUpdate.net
Team Lotus Enterprise has announced that it has fully purchased British sportscar maker Caterham Cars. The buyout has been performed by Tony Fernandes, Kamarudin Meranun and SM Nasarudin – those behind the Team Lotus Formula 1 outfit – and means F1 technology will now feature on the road vehicles.
The transaction in question should not be confused with Group Lotus, which is the name behind Lotus Cars and title sponsor of the Renault Formula 1 team.
‘As custodians of Colin Chapman's two-seater Seven since 1973, Caterham has been responsible for the evolution of a car originally conceived as a 'fit for purpose' race-car for the road in 1957,’ reads a Team Lotus statement.
“Caterham has a unique place at the heart of the motoring world,” added Team Principal Fernandes. “As well as being proudly and staunchly British, it has an enviable and uniquely unblemished reputation within the industry for performance, handling and engineering excellence.
“Caterham Cars has remained wholly faithful to Colin Chapman's philosophy of 'less is more' and the DNA of the original Seven can still be traced to the newest additions to Caterham's product offering.”
YouTube - Team Lotus purchases Caterham Cars
Team Lotus Enterprise has announced that it has fully purchased British sportscar maker Caterham Cars. The buyout has been performed by Tony Fernandes, Kamarudin Meranun and SM Nasarudin – those behind the Team Lotus Formula 1 outfit – and means F1 technology will now feature on the road vehicles.
The transaction in question should not be confused with Group Lotus, which is the name behind Lotus Cars and title sponsor of the Renault Formula 1 team.
‘As custodians of Colin Chapman's two-seater Seven since 1973, Caterham has been responsible for the evolution of a car originally conceived as a 'fit for purpose' race-car for the road in 1957,’ reads a Team Lotus statement.
“Caterham has a unique place at the heart of the motoring world,” added Team Principal Fernandes. “As well as being proudly and staunchly British, it has an enviable and uniquely unblemished reputation within the industry for performance, handling and engineering excellence.
“Caterham Cars has remained wholly faithful to Colin Chapman's philosophy of 'less is more' and the DNA of the original Seven can still be traced to the newest additions to Caterham's product offering.”
YouTube - Team Lotus purchases Caterham Cars
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