Team Lotus Enterprise has today announced that it has purchased Caterham cars.
The acquisition by Tony Fernandes, Kamarudin Meranun and SM Nasarudin, the men behind the Team Lotus Formula 1 squad, from the shareholder consortium led by Corven Ventures, will see the sportscar manufacturer expand its brand profile and product family.
The acquisition of Caterham Cars by Team Lotus Enterprise means the continued development of the legendary Caterham Seven whilst providing Caterham with the platform to apply its philosophy of ‘adding lightness’ to new models for the 21st Century. This exciting new era for Caterham will be led by the company’s existing management team, headed up by Caterham Cars Managing Director, Ansar Ali.
Ansar is responsible for energising Caterham’s export prowess over the last five years, creating the caterham Superlight R500 and Caterham’s first brand new model in 15 years, the caterham SP/300.R sports prototype racer.
As custodians of Colin Chapman’s two-seater Seven since 1973, Caterham has been responsible for the evolution of a car originally conceived as a ‘fit for purpose’ race-car for the road in 1957.Published 27 April 2011