April 22, 2011

Team Lotus to Buy Caterham

Caterham will be sold to the Team Lotus concern owned by AirAsia entrepreneur Tony Fernandes.

According to Autocar, the Kent-based sports car company, currently owned by former Lotus executive Ansar Ali and owned by private equity firm Corven Ventures, is considered to have found a great deal with AirAsia which is believed to invest funds into Caterham and put in place some ambitious product plans in order to develop new models.

The new deal should be made official around April 27 when Tea...

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Source: http://www.autoevolution.com/news/team-lotus-to-buy-caterham-34598.html

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