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I wonder if the new lot will buy Elise rights? A Caterham Elise continuation model would be an interesting prospect. They could call it Caterham 111.

About time too. Fernandes should steer away from all sport and stick to airlines. The mans a mug when it comes to 4 wheels and football :D

Caught between a rock and a hard place in a catch 22 situation, So its 6 of one and half a dozen of the other. Your damned if you do, but your damned if you don't so shut your cock!!!!!!!!!!!

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I wonder if the new consortium will use the name next year.

 

So far it's kind of a win-win for the car side like with Lotus F1, owing to the inertia of a name change. Change the name and the Team lose the year end dole, plus the change has to be approved by all the other teams. So until they change it, it's free advertising. Could be another smooth Tony move. :yes:

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Will they be getting any Concorde money for coming flat last though and since the F1 team has been in existence I very much doubt there has been any knock on effect with the car company. In fact, Caterham have been making redundancies as I'm sure I heard recently. 

88 Esprit NA, 89 Esprit Turbo SE, Evora, Evora S, Evora IPS, Evora S IPS, Evora S IPS SR, Evora 400, Elise S1, Elise S1 111s, Evora GT410 Sport

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^^ Caterham F1 team is still eligible for a Tier 3 -  or tier 2- 10M USD payout at the end of the year as the 11th competitor in the sport +3M USD which is what Virgin/Marussia Racing got the past 4 years. But they can kiss the 30M USD.

 

 

I'm surprised how quickly Fernandes was able to offload the team and wonder how much he got for it.

 

The new ownership is really on the shady side and Kolles being the consultant on this one should not reassure any body. Kolles is a specialist at cash-trapped racing teams.  

 

I'm not surprised the consortium is keen on keeping the Caterham brand  as changing names means loosing the history benefit.

 

Caterham is going the way of lotus with two entities that are not the least connected sharing the same brand... that just beats me!  

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  • 4 weeks later...
  • 6 years later...

88 Esprit NA, 89 Esprit Turbo SE, Evora, Evora S, Evora IPS, Evora S IPS, Evora S IPS SR, Evora 400, Elise S1, Elise S1 111s, Evora GT410 Sport

Evora NA

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VT Holdings has been the Japanese importer of Caterham’s Seven for the last 12 years, and has come to an agreement to purchase Caterham Cars outright. 

Just like Lotus'  biggest 7 dealer buying the rights from Colin back in 1973 😀

Cheers,

John W

http://jonwatkins.co.uk

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According to this article on Pistonheads, Caterham Cars has been bought by its Japanese importer which, by the way, also imports Lotus cars into the land of the rising sun.  Bye, bye, Mr. Fernandes.

Hopefully it will be in safe hands and have the backing to deal with the move to non-ICE-powered cars.

S4 Elan, Elan +2S, Federal-spec, World Championship Edition S2 Esprit #42, S1 Elise, Excel SE

 

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19 hours ago, jonwat said:

VT Holdings has been the Japanese importer of Caterham’s Seven for the last 12 years, and has come to an agreement to purchase Caterham Cars outright. 

Just like Lotus'  biggest 7 dealer buying the rights from Colin back in 1973 😀

I wonder if the new lot will buy Elise rights?
A Caterham Elise continuation model would be an interesting prospect. They could call it Caterham 111.

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I've been expecting Fernandes to sell Caterham for a while now. After his earlier grand plans with the F1 team and aborted links with Renault Alpine, he just didn't seem to me to have the right sort of motor industry background and he was clearly losing interest, probably because of problems in his prime business. The purchase of Caterham always seemed to me to be a vanity project for him, nothing more than that.

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