CATERHAM HAS RELEASED a statement confirming that the British sports car brand and F1 team is not for sale.
Despite rumours in the motoring and mainstream press this week, Caterham Group co-chairman Tony Frenandes has today confirmed that the brand is “not for sale”.
Fernandes was reportedly seeking £350 million in return for the group which comprises the road car business, Formula 1 team and engineering arm, but is instead seeking “additional investment[…]to fulfil ambitious plans to develop.”
Fernandes said, “We love what we build and we are always looking for further investment. 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.”
The statement also clarified that, “The shareholders of the Group, co-Chairmen Tony Fernandes and Datuk Kamarudin Meranun, remain wholly committed to the Caterham brand.”
This news comes a day after Caterham unveiled the Kamui Kobayashi limited edition 250 R, which features green carbon fibre and Kamui logos and will be limited to just ten examples, all destined for Japan.