Caterham has sold its stake in the partnership designed to resurrect the Alpine sportscar brand, giving Renault 100 per cent control.

The two parties forged an agreement to develop and manufacture cars as a joint venture under the Soci?t? des Automobiles Alpine Caterham banner back in 2012, but, following a mutual agreement between Renault and Caterham Group, the French marque has now increased its stake to 100 per cent.

While the Caterham Group plans to continue with its own sportscar, the announcement will naturally cast further speculation over the company's future following rumours in Malaysia that Tony Fernandes was looking to offload the brand. The AirAsia entrepreneur has strenuously denied the suggestions, which were fuelled by his pre-season claim that Caterham's F1 arm needed to raise its game for him to remain involved and rival Marussia's points finish at the recent Monaco Grand Prix.

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The statement released by Caterham insists that 'other forms of co-operation could still be envisaged between Renault and Caterham Group in line with each company's strategic policy directions' but, for now the French side of the partnership will change the name of their joint venture to Soci?t? des Automobiles Alpine and press ahead with plans to develop its own Alpine sports car, to be launched in 2016 as initially planned.