Team Lotus confirms Caterham deal - Formula 1 Update
Formula 1 Team Lotus has recently confirmed that they have bought British sports car company, Caterham cars.
“The acquisition of Caterham Cars by Team Lotus Enterprise will not only signal the continued development of the legendary Seven, but will provide Caterham with the platform to apply its philosophy of 'adding lightness' to exciting new models for the 21st Century”, a Team Lotus statement read.
A lot of reports were released last week regarding this matter and according to some reports, Tony Fernandes was appointed as the director of Caterham on April 12, 2011. This deal has been announced publically at a media event at Duxford airfield.
It is expected that the team is also going to perform some straight line tests of their new Formula 1 car for the 2011 Formula 1 season, which is known as the T128 but it has not been revealed yet that whether the team will use Caterham’s name in Formula 1 or not.
Fernandes claims that the British heritage was one of the main reasons for this purchase and since he has been trying to get into the automotive business with Lotus, it seems that this purchase might prove to be a huge breakthrough for Tony.
It seems that Lotus is going to try its best to expand Caterham’s global standing and the company has a unique place at the heart of the motoring world.
Lotus said:
“As well as being proudly and staunchly British, it has an enviable and uniquely unblemished reputation within the industry for performance, handling and engineering excellence. Caterham Cars has remained wholly faithful to Colin Chapman's philosophy of 'less is more', and the DNA of the original Seven can still be traced to the newest additions to Caterham's product offering”.
Fernandes, who had previously been hoping to enter the automotive business with Lotus, said that the British heritage was a key factor in the purchase, and that Team Lotus Enterprise would be looking to significantly expand Caterham's global standing.
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