In the first announcement since its takeover last April, Caterham Cars, makers of the iconic Seven, have released details of a stand-alone 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 sports cars 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.
“The new shareholders are committed to investing in an exciting range of global products over the next 10 years,” says Mark Edwards, CTI’s Chief Executive. “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 team of 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, formerly of Lotus Engineering..
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