The Caterham F1 Team is launching the #RefuelCaterhamF1 project today in order to help the team to go racing in Abu Dhabi "and hopefully beyond". The team reports it will reward fans with their presence on the grid at Abu Dhabi.
I am pretty certain the team is for sale only question is how much. When team boss say it's not for sale it is indirectly saying they are still searching or waiting for buyer.SkinnyMinnie wrote:A statement has been published on their website saying that the team is not for sale:
"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.
Fernandes confirmed: "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."
http://www.caterhamf1.com/news/2014/cat ... D8hGpj6.99
Renault has taken full control of the joint venture with Caterham to build a sportscar under the Alpine and Caterham brands.
It has been known for some time that the agreement between Renault and Caterham to platform share on a small sports car had fallen through, but a press release on Tuesday confirmed Renault had acquired Caterham's stake in the project. The car will still be built by Renault under the Alpine brand but will no longer be sold as a Caterham.
"Following a mutual agreement between Renault and Caterham Group, Renault has increased its stake in Société des Automobiles Alpine Caterham to 100%, following acquisition of the interest held by Caterham Group," read a statement. "Renault will now continue to develop its own Alpine sports car to be launched in 2016, as initially planned. Caterham Group also plans to continue with its own sports car.
"The acquisition brings an end to the partnership signed in November 2012 by Renault and Caterham Group to develop and manufacture sports cars through a joint venture. Other forms of cooperation could still be envisaged between Renault and Caterham Group in line with each company's strategic policy directions."
The future of the Caterham Group, including the road car business and the Formula One team, was subject to speculation earlier this year but rumours it was for sale were denied by Group boss Tony Fernandes.
Read more at http://en.espnf1.com/f1/motorsport/stor ... 0Sr1BYx.99
I hope they will find good owners for the team. It was a nice effort by Tony, but for whatever reason, they haven't lived up to their early promise.Kiril Varbanov wrote:Change at Caterham's ownership is expected. Tony Fernandes' Twitter account is gone with the message: “F1 hasn't worked love Caterham Cars.”
