After the Caterham Group confirmed that they have sold their F1 team to a consortium of Swiss and Middle-Eastern investors, it says that it is fully committed to their remaining brands - including Caterham Cars, Caterham Composites, Caterham Technology & Innovation (CTI), Caterham Racing (GP2), Caterham Moto Racing Team (Moto2) and Caterham Bikes.
The company said that the sale of the F1 team will allow them to flourish and focus on its core activities. Caterham also mentioned that the order book for Caterham Cars is full until January 2015, and they are working on a new flagship sports car that has been codenamed the C120.
Graham Macdonald, CEO, Caterham Group, said, "The future for us now lies with all the exciting brands that make up Caterham Group. We will be looking to maximize the benefits of the F1 platform across all our brands , working closely with the new team owners, and our core focus is still on launching the brand new two-seat Caterham Car, a project we will be making more announcements about in due course."
For the latest automotive news and reviews, like us on Facebook or follow us on Twitter and Instagram.
