The Caterham Group has divulged its plans for 2012, including those for the Caterham Formula 1 and GP2 teams. In April this year, Tony Fernandes purchased legendary British sports car firm Caterham Cars and the Team Lotus F1 outfit will take on the recognised branding for the new campaign which begins in March.
‘Caterham Group’ has been officially confirmed as the parent company for the range of automotive, motor racing, technology and innovation companies, with Riad Asmat taking on the position of Group CEO and Fernandes becoming Group Chairman.
“We have been talking for some time now about our plans for Caterham in all its guises, from the road car company to Formula 1 and GP2 and in the technology, design and innovation fields,” Fernandes explains. “Now, with the announcement we made last week about the rebranding in Formula 1 to Caterham F1 Team for 2012 and beyond, we are in a position to give a much more in-depth explanation of how the Caterham Group is taking shape.
“Under Riad's guidance, there are currently four main areas of the business and we will be adding more in the future. I will go into more detail about each arm of the Group, but in simple terms we have Caterham Cars, Caterham F1 Team and other motor racing investments including our GP2 team Caterham Racing, Caterham Technology and Innovation (CTI) and Caterham Composites.”
Fernandes went on to explain the structure of the Caterham F1 Team plus the Caterham Racing GP2 squad, formerly known as Team AirAsia:
“Caterham F1 Team is the new and permanent incarnation of our Formula 1 investment. On and off-track we continue to invest in people, infrastructure and technology and 2012 is a critical year in our development.
“Underneath the F1 team sits Caterham Racing, the new name for our GP2 team, and then we have our driver development programme that encompasses various motor racing formulae from karting, GP3, World Series by Renault and right up to F1 - a staircase of talent that gives opportunities for drivers, engineers, mechanics and all the associated skill-sets across the motorsport industry the chance to learn, develop and reach the top. This is also complimented by the various Caterham Cars racing series, currently with approximately 700 cars competing in series around the world and now given a new impetus by the direct links to the F1 team and all our associated motor racing interests.”
For the 2012 Formula 1 season, Caterham has retained the driver combination of Heikki Kovalainen and Jarno Trulli for the third consecutive year.
Fernandes’ full descriptions for all elements of the Caterham Group can be viewed on the company's website
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