LONDON: In the first announcement since its takeover last April, Caterham Cars, makers of the legendary Seven, has released details of a standalone engineering business, Caterham Technology and Innovation Limited (CTI).
The company will be responsible for the development of a completely new line of accessible and affordable sportscars inspired by the lightweight, minimalist philosophy of the Seven and drawing on the advanced technologies and materials from the group’s Team Lotus Formula One and Caterham Team AirAsia GP2 motorsport operations.
In addition to the next generation of Caterhams, CTI will undertake advanced projects for external companies operating within the automotive and aerospace sectors.
 |
| Shute (left) and Edwards with the Seven. |
"The new shareholders are committed to investing in an exciting range of global products over the next 10 years," said CTI's chief executive Mark Edwards.
CTI is based in Norfolk, 170km north-east of here, and is located near the group’s motorsport operations.
"Tony Fernandes has been very clear from the start that Caterham needed a sustainable research and development business model in order to meet the plans the management have for the road car business.
“By establishing unique operating principles for CTI, we have managed to attract a world-class team of niche vehicle engineers eager to build on the ethos of Caterham and the DNA of the Seven.”
Among the first in a series of respected industry figures to join the new operation will be Tony Shute. Joining as Head of Road Cars for the new business and, as an avid motorsport competitor, Shute is credited with bringing the Series 1 Lotus Elise to market.
Further announcements will be made in due course.
No comments:
Post a Comment