Fernandes: 2014 the final chance for Caterham

Fernandes: 2014 the final chance for Caterham

22 January 2014 – Caterham owner Tony Fernandes has described 2014 as "the final chance" for the team to make progress, admitting that another year at the back of the grid could lead to him pulling the plug on the operation.

Having entered the sport as Lotus Racing back in 2010, Fernandes' outfit has been unable to record a points finish over four campaigns, and it crucially lost out to Marussia in the battle for 10th position last season.

Allied to ever-rising costs, Fernandes says the upcoming term is a vital one for the future of the squad.

"My message to everyone is we have to go for it this year," said Fernandes, addressing staff members after the announcement of 2014 drivers Kamui Kobayashi and Marcus Ericsson. "This is it – the final chance. We've given you the best infrastructure, the best potential drivers, but it is now down to all of you to go and do it.

"If we're at the back I don't think I will carry on. Nothing is set in stone, but after five years with no points there is a limit to one's patience, money, motivation, etc. It's an important year. I need to feel like we're going somewhere.

"If I feel we can compete, then great, but if we're not then we have to seriously examine ourselves and ask 'does this make sense?' If we're two seconds behind everybody else, then we haven't made any progress."

Fernandes added that Caterham has signed a deal to use Toyota's windtunnel facilities this season.

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