Sources say Tony Fernandes is buying Kent-based sports car firm
21 April 2011

Caterham is being sold to the Team Lotus concern owned by AirAsia entrepreneur Tony Fernandes, according to well placed sources.

The Kent-based sports car company - which is run by former Lotus executive Ansar Ali and owned by private equity firm Corven Ventures - is said to have struck a deal with the Malaysian that will bring fresh investment and ambitious product plans.

The deal is set to be announced next Wednesday, when Team Lotus is holding an event at Duxford airfield. It’s meant to be an F1-related activity, but the invitation says it will include “an incredibly exciting announcement about the future of our team”.

Fernandes is currently embroiled in a court battle with Lotus Cars over the use of the name in Formula One. Buying Caterham could give him a potential alternative brand to market - although Autocar sources insist that no decision has been made on whether Caterham branding will appear on F1 cars in the foreseeable future.

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Citroën C3 Aircross
    First Drive
    17 October 2017
    It's got funky looks and a charming interior, but it's another small SUV, and another dynamic miss. Numb steering is just one thing keeping it from class best
  • Skoda-Karoq 2.0 TDI 4x4
    First Drive
    16 October 2017
    Diesel version of Skoda’s junior SUV is unobtrusive and undemanding, but we’d still go for the silkier petrol version of the Karoq
  • Audi Q7 e-tron
    First Drive
    16 October 2017
    Expensive and flawed but this understated diesel-electric Audi Q7 has a lot to offer
  • Citroën C3
    First Drive
    16 October 2017
    Is the third gen Citroën C3 ‘fresh and different’ enough to take on its supermini rivals? We spend six months with one to find out
  • BMW X3
    First Drive
    15 October 2017
    A satisfying rework of the X3 that usefully improves its handling, cabin finish, space and connectivity to make this BMW a class front-runner again