The long-term future of Caterham Cars looks to have been secured following its acquisition by the owner of the Team Lotus Formula 1 outfit, Tony Fernandes.
Fernandes exclusively told Autocar he will aid Caterham’s evolution with new products, increased distribution and exposure to new markets, while protecting Caterham’s heritage. A tie-up between Caterham and Team Lotus is planned, too.
Current Caterham owner Corven, a venture capitalist group, has sold up in full to Fernandes. The current management, headed by Ansar Ali, will stay on.
Fernandes’ plans for Caterham will be revealed in full at the British Grand Prix in July, where the Team Lotus F1 tie-up will become clear. “Team Lotus is a platform to promote Caterham,” said Fernandes.
Ali is credited with overseeing much of Caterham’s recent success — including record profits in 2010 — and is sure Fernandes is the right man for Caterham.