Caterham: Not for sale!
Official statement unequivocally quashes rumours
Therefore here is Caterham's clarification, word for word, that the Group is not for sale. It is searching for investment to continue with its model development including the AeroSeven project however. With that cleared up we can return to eagerly anticipating future Caterham projects, and loving the current ones for that matter.
Full statement here:
Despite press rumours to the contrary, Caterham Group is not for sale.
The reports circulating this weekend are factually incorrect.
It is, however, true that the Group is actively searching for additional investment as it seeks to fulfil ambitious plans to develop.
The shareholders of the Group, co-Chairmen Tony Fernandes and Datuk Kamarudin Meranun, remain wholly committed to the Caterham brand.
Fernandes confirmed: "The Caterham Group is not for sale. We love what we build and we are always looking for further investment. This is no different to how we started AirAsia. Yes, we are constantly challenging ourselves and making decisions on everything from the structure to projects within the Group. That is normal business. That does not mean we are selling."
[Source: Caterham]
If I were in the industry, I would not wish to invest in a company stuck with one key model: the 7, unless they were able to come up with a persuasive model development plan, and I don't see their current proposal as being one...
Also worth pointing out that instead of wasting precious investment funds by funneling this in a failed F1 venture, they could have been better placed in road car product development.
Any of the Mods able/willing to divulge why?
Unfortunately the ability to merge threads seems to be as reliable as a Caterham K Series starter motor at the moment ....
ETA: looks like the merge has worked, somehow, and your post is now in this thread.
and 
Any of the Mods able/willing to divulge why?
Unfortunately the ability to merge threads seems to be as reliable as a Caterham K Series starter motor at the moment ....
ETA: looks like the merge has worked, somehow, and your post is now in this thread.
and I pretty much stopped reading this article after the opening gambit above - great way to engage the audience...
Just my 2p worth and I will step off my soapbox to allow the thread to go back on-topic
I await the next press release with the details of the buyer.
Fernandes says in the statement that they are looking for investment so that's probably why a rumour started that Caterham may be sold. I had no idea there was even a rumour until now.
AAs original buyout plan was a bit of a washout
Until...
He stumbled upon the idea of a great buyer to make the investors their money.
AA and TF then fell out after the sale
TF told AA to sling his hook.
And then they put an accountant in charge who thought he coud do better than the previous "parts bin special" management.
Really?
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