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Team Lotus confirms Caterham purchase

Team Lotus has confirmed its purchase of iconic, niche British sportscar manufacturer Caterham Cars - with both parties forecasting a bright future indeed as a result of the collaboration
Team Lotus has today (Wednesday) confirmed its acquisition of iconic British marque Caterham Cars – with Tony Fernandes promising to take the niche, low-cost sportscar manufacturer 'to new exciting horizons'.

Together with Team Lotus business partners Kamarudin Meranun and SM Nasarudin, Fernandes has purchased Caterham from a shareholder consortium led by Corven Ventures – with the stated objective of expanding the profile and product range of the legendary lightweight sportscar brand and providing it with a platform from which to apply its philosophy of 'adding lightness' to exciting new models for the 21st century.

“Caterham has a unique place at the heart of the motoring world,” enthused the Malaysian entrepreneur. “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.

“It is already a successful business with sales across Europe, Japan, Australia and the Middle East, and under the guidance of the existing management team, we now have all the ingredients and the launch pad to further evolve that spirit and take Caterham to new exciting horizons with innovative products and greater global brand exposure.”

With the ongoing development of the much-loved Caterham Seven – still today one of the most raced cars the world over, and the inspiration for the recently-launched Caterham-Lola SP/300.R – assured, the car based upon the two-seater, 'fit-for-purpose' racecar-for-the-road Lotus Seven pioneered more than half a century ago by original Team Lotus founder Chapman will continue to evolve.

Initially launched back in 1957, Caterham have been the custodians of the Seven since Chapman sold them the rights to the car 16 years later – and the new tie-up brings the wheel round full circle.

“This is yet another exciting chapter in the Caterham story,” stated Caterham Cars managing director and former Lotus Cars executive Ansar Ali, the man responsible for energising the company's export prowess during the last five years, creating the iconic Superlight R500 – Top Gear's 'Car of the Year' for 2008 – and Caterham's first brand new model in 15 years, the SP/300.R sports prototype.

“Until now, the resources Caterham has had at its disposal have, naturally, limited the exposure of the Caterham experience, and the legendary Seven has had to rely almost entirely on its remarkable reputation and legacy.




Related Pictures

Click on relevant pic to enlarge
16.04.2011- Saturday Practice, Heikki Kovalainen (FIN), Team Lotus, TL11
15.04.2011- Friday Practice 2, Jarno Trulli (ITA), Team Lotus, TL11
15.04.2011- Friday Practice 1, Luiz Razia (BRA), Test Driver, Team Lotus, TL11
08.04.2011- Friday Practice 1, Jarno Trulli (ITA), Team Lotus, TL11
08.04.2011- Friday Practice 2, Jarno Trulli (ITA), Team Lotus, TL11
17.04.2011- Race, Heikki Kovalainen (FIN), Team Lotus, TL11 leads Jarno Trulli (ITA), Team Lotus, TL11
09.04.2011- Tony Fernandes, Team Lotus, Team Principal
Team Lotus team principal Tony Fernandes receives his CBE at Buckingham Palace, March, 2011
26.03.2011- Saturday Practice, Tony Fernandes, Team Lotus, Team Principal
Tony Fernandes (MAL) Lotus Racing
18.02.2010 Jerez, Spain, Tony Fernandes, Lotus F1 Team, Team Principal - Formula 1 Testing, Jerez, Spain
Tony Fernandes (MAS), Lotus Cosworth T127 F1 Launch, Royal Horticultural Hall, London, GBR
Caterham [pic credit: Caterham]
Lotus E22 with Hisense sponsorship
24.08.2014- Race, Start of the race
24.08.2014- Race, Kimi Raikkonen (FIN) Scuderia Ferrari F14-T and Felipe Massa (BRA) Williams F1 Team FW36
24.08.2014- Race, Andre Lotterer (GER), Caterham F1 Team
24.08.2014- Race, Peter Sauber (SUI), Sauber F1 Team motorhome

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MarchHare - Unregistered

April 28, 2011 8:38 AM

Caterham may be a kit car manufacturer but has done more to support and encourage motorsport in the UK (and increasingly in other countries too) than any other mainstream manufacturer. The core Chapman ethos is much more closely preserved and developed by Caterham than by (Group)Lotus who have done nothing to support motorsport until very recently. Even the Lotus on Track series was entirely created and financed by members of the owners club without any Lotus support. As a former Caterham racer and current road car owner I am pleased to see further investment in the brand. F1 may be a circus but if it puts even a fraction of its cash into developing products for UK motorsport I see only positives!



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