The long-running saga between Group Lotus and Tony Fernandes’ 1Malaysia Racing Team has been brought to an amicable conclusion. In a joint-statement released earlier this morning, Proton, Group Lotus, 1Malaysia Racing Team and its owner Tony Fernandes announced that the legal dispute in the English Courts relating to the “LOTUS” and “TEAM LOTUS” brands had now ended with the parties agreeing settlement terms earlier this month.
With Malaysian-born Tony Fernandes as its new owner, it was only a matter of time before Caterham Cars set up a permanent residence in India – you see, despite being born in Kuala Lumpur, the Air Asia and Team Lotus boss’ late father was Indian.
Following our recent interview with Caterham’s CEO, Ansar Ali – Behind the scenes at Caterham Cars – the company has now confirmed details of its programme to develop the next iconic Caterham model.
I have been sitting on some news about Caterham during the past few weeks, as we waited on some of the moves to play out. And it’s been fascinating to watch this minnow of the car industry become such a talking point on the global stage.