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Corporate Business

Caterham to Develop Affordable Sports Cars

Niche British vehicle manufacturer Caterham Cars has established a new standalone engineering company that plans to produce a range of affordable sports cars. Caterham Technology and Innovation (CTI) will be responsible for the development of the completely new line of accessible sports cars that will be inspired by the same lightweight and minimalist philosophies that drive the famous Caterham Seven. CTI will draw on the advanced technologies and materials developed by the group’s Team Lotus Formula One and Caterham Team AirAsia GP2 motorsport operations. CTI CEO, Mark Edwards, said the new company boasted a world-class team of vehicle engineers committed to building on the Caterham ethos. “The new shareholders are committed to investing in an exciting range of global products over the next 10 years,” Mr Edwards said. “Tony Fernandes [the owner of Caterham Cars] has been very clear from […]