Team Lotus to buy Caterham?

Discussion in 'Motorsports' started by PGN1, Apr 22, 2011.

  1. #1 PGN1, Apr 22, 2011
    Last edited by a moderator: Apr 25, 2016
    Team Lotus to buy Caterham

    Delete if already posted.

    Whats this? There are two Lotus teams now? I have not watched F1 for a while now. So this is a bit confusing. Is Team Lotus the carmaker, or is the Lotus Renault the one?
  2. I think that they've lost the court case and won't be able to continue as Team Lotus, so they've bought Caterham to have the name for their F1 team, giving them some cachet by being a manufacturer, and getting some synergy with the road car division.
  3. Caterham in f1 wut
  4. There is only one Team Lotus. Group Lotus, the car maker, is sponsoring Renault whose car is racing under the Renault name. Team Lotus on the other hand bought the rights to use the name Lotus in F1.
  5. Quote from;

    Lotus confirms Caterham purchase
    ESPNF1 Staf

    Team Lotus has confirmed that Team Lotus Enterprise has purchased the British sportscar company Caterham Cars.

    The official confirmation comes after reports last week, with documents showing Tony Fernandes was appointed a director of Caterham on April 12. The deal was announced at a media event at Duxford airfield, where the team will also be performing a straight line test of its T128, but there was no confirmation about how the Caterham name would be used with regards to Formula One.

    "The acquisition of Caterham Cars by Team Lotus Enterprise will not only signal the continued development of the legendary Seven, but will provide Caterham with the platform to apply its philosophy of 'adding lightness' to exciting new models for the 21st Century," a Team Lotus statement read.

    Fernandes, who had previously been hoping to enter the automotive business with Lotus, said that the British heritage was a key factor in the purchase, and that Team Lotus Enterprise would be looking to expand Caterham's global standing.

    "Caterham has a unique place at the heart of the motoring world. As well as being proudly and staunchly British, it has an enviable and uniquely unblemished reputation within the industry for performance, handling and engineering excellence. Caterham Cars has remained wholly faithful to Colin Chapman's philosophy of 'less is more', and the DNA of the original Seven can still be traced to the newest additions to Caterham's product offering.

    It is already a successful business with sales across Europe, Japan, Australia and the Middle East, and under the guidance of the existing management team, we now have all the ingredients and the launch pad to further evolve that spirit and take Caterham to new exciting horizons with innovative products and greater global brand exposure."

    Confirmation of the deal comes before any verdict has been delivered on the Team Lotus v Group Lotus court battle, with a decision not expected until next month. Ownership of Caterham could give Fernandes another option should he be forced to relinquish the Lotus name, though he insisted that wasn't part of his thinking.

    "This isn't being done just in case we lose the case," he told Reuters. "I and the shareholders want to wait and see what happens with the court case and then we'll make plans from there."
  6. Even in the Chapman years the car company and the race team were separate entities.

    Group Lotus' sponsorship of Renault is no more of a legitimate claim to the Team Lotus legacy than Tony Fernandez's purchase of the racing team's name.

    Edit: Just read your post again and I think we are both saying the same thing <A BORDER="0" HREF=""><IMG BORDER="0" SRC="pitlane/emoticons/smile.gif"></A>
  7. Got the happy news from Caterham in my gmail, let me see if I can copypaste this
  8. #8 MooSquad, Apr 27, 2011
    Last edited by a moderator: Apr 25, 2016
  9. Tony Fernandes is living the dream
  10. I hope so, this Lotus thing is retarded
  11. team lotus caterham sounds much better than team lotus
  12. im excited.
  13. No it doesnt

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