May 28, 2014
British car manufacturer looking for additional investment
Contrary to our earlier report, it seems Caterham Group is, in fact, not for sale. Or at least that’s the official word from the company.
Via the Caterham Cars official website, the group released a statement explaining it is not for sale but seeking additional investment to fuel development plans.
From the statement:
Despite press rumours to the contrary, Caterham Group is not for sale.
The reports circulating this weekend are factually incorrect.
It is, however, true that the Group is actively searching for additional investment as it seeks to fulfil ambitious plans to develop.
The shareholders of the Group, co-Chairmen Tony Fernandes and Datuk Kamarudin Meranun, remain wholly committed to the Caterham brand.
Tony Fernandes also stated, “The Caterham Group is not for sale. We love what we build and we are always looking for further investment. This is no different to how we started AirAsia. Yes, we are constantly challenging ourselves and making decisions on everything from the structure to projects within the Group. That is normal business. That does not mean we are selling.”
Since Fernandes purchased the former Lotus F1 team, now called Caterham F1 since he bought the manufacturer, the Caterham F1 team has failed to score a single point in the Formula 1 World Championship. Fernandes has stated in the past he would sell the F1 team if it failed to perform.
The outspoken owner is also facing possible fines related to his Queens Park Rangers soccer club.
We recently took a rip in the Caterham Super 7 Hayabusa.