Caterham announces new group structure
Caterham’s R500 will be joined by other models, including a road car.
JUST eight months after buying Caterham Cars, Tony Fernandes used the weekend’s Brazilian Grand Prix as the platform to announce the formation of a new umbrella brand.
The name of the new parent company is the Caterham Group and will encompass its motor racing, automotive, technology and innovation arms under the “We have been talking for some time now about our plans for Caterham in all its guises, from the road car company to Formula 1 and GP2, and in the technology, design and innovation fields. Now, with the announcement about the rebranding in Formula One to Caterham F1 Team for 2012 and beyond, we are in a position to give a much more in-depth explanation of how the Caterham Group is taking shape,” explained Fernandes.
Caterham Group consists of four main branches: Caterham Cars, Caterham F1 Team, Caterham Technology & Innovation (CTI) and Caterham Composites. More business identities will be added in the future.
“This range of business interests provides us a very strong foothold in a number of growth sectors, staffed with teams of people with a strong mix of experience, youth, creativity and passion,” said Fernandes.
Caterham Cars has been busily expanding into India and China, readying the exciting SP/300.R sports prototype for 2012 and preparing the ground for a completely new product range that will see the first all-new Caterham road car launched in 2014.
The F1 team will also act as a focal point for a development programme that encompasses 700 plus Caterham Seven racers around the world and various motor racing formulae from karting, GP3, World Series by Renault and up to F1.
The third branch is Caterham Technology & Innovation (CTI). Launched in September, the rapidly expanding team of engineering experts in their field is already beginning to undertake advanced projects for external companies operating within the automotive and aerospace sectors.
Caterham Composites completes the group. Under the stewardship of Mike Gascoyne, who will combine his role as CTO of Caterham F1 Team with that of CEO of Caterham Composites, the company is already working on projects across the aerospace, nautical, motorsport and automotive industries.