F1 »

Fernandes to officially announce Caterham deal this week

The name of Team Lotus boss Tony Fernandes has appeared on the directors' list for Caterham Cars.

Team Lotus will make an 'incredibly exciting announcement about the future of the team' this week, with a press call having been circulated to the media inviting them to an event this Wednesday at Duxford.

Although the Norfolk-based outfit has refused to comment on reports by Sky News and Autosport that this will see Team Lotus reveal a tie-up with Caterham Cars, the Surrey-based manufacturer of light weight sports cars, it seems highly likely. Indeed Team Lotus principal Tony Fernandes was appointed a director of Caterham Cars earlier this month as an examination of the records held by Companies House in the UK shows, something highlighted by renowned F1 journalist Joe Saward at the end of last week in his official blog.

The deal is a logical one for Fernandes as it gives him a way into the automotive industry and another option should the naming dispute with Group Lotus/Proton, which should see the High Court announce its decision next month, not go in his favour.

As an aside, it is also worth noting that Caterham Cars originally evolved out of Lotus, initially as a dealer for the Lotus 7, before purchasing the rights to it, when Lotus elected to stop producing it in 1973. Expect confirmation and more detail on Wednesday...

Related Pictures

Click on relevant pic to enlarge
08.03.2011- Jarno Trulli (ITA), Team Lotus, TL11
21.02.2011- Team Lotus, TL11
26.03.2011- Saturday Practice, Tony Fernandes, Team Lotus, Team Principal
09.04.2011- Tony Fernandes, Team Lotus, Team Principal

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.


April 25, 2011 7:50 PM

Let's hope that it's something good for Caterham and not the beginning of a whirl of owners wich ends in a liquidation. It would be a shame. Caterham is a common cultural heritage of all classic cars lovers, all over the world, and doesn't deserve to come to a bad end. As for me, I'll buy a Seven one day.

vee - Unregistered

April 25, 2011 10:07 PM

Brilliant move by Fernandes, he will make this brand more famous and the sports car will be more affordable for people rather than high end market that current Group Lotus are planning.

© 1999 - 2017 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.