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.
It was whilst watching Dragon’s Den on BBC TV the other evening that I started to wonder about the physical input (time, management, direction) given to those who successfully pitched their ideas. The financial element is, of course, clearly stated but as most of us know, any venture that is struggling to capitalise on its potential needs more than just hard cash and “association”. This was absolutely the case with the fancy dress business which was eventually taken-on by Duncan Bannatyne.
Team Lotus has today confirmed that GE (General Electric Company), a leading global technology and infrastructure company, has joined the Anglo-Malaysian team as a Premium Partner.
Team Lotus has confirmed today that it is expanding its wind tunnel operations having confirmed a deal with Williams F1 to use one of the Grove based team’s two wind tunnels from September 2011.
Just over an hour ago the High-Court case between Team Lotus and Group Lotus reached its conclusion and as we expected Mr Justice Peter Smith made his verdict in favour of Tony Fernandes’ 1Malaysia Racing Team, who were judged to be the true owner of the ‘Team Lotus’ name and its iconic roundel.
The golden heads of rapeseed flowers wallowed loftily next to a lush green Duxford meadow last Wednesday. A more fitting backdrop to the stunning livery of the new Team Lotus Caterham could surely never be found.
If you’ve been following this morning’s announcement of the acquisition of Caterham Cars by Team Lotus Enterprise (TLE), then you’ll already have spotted this tasty looking Caterham Seven – decked out in the Team Lotus Formula One squad’s colours – posing for photos with the official 2011 Team Lotus F1 cars.
Well it was perhaps the worst kept secret of the week, and yet the buzz and anticipation at this morning’s press conference was palpable as the gathering of journalists awaited the Headmaster (Tony Fernandes). We’ll bring you a separate report from Steve Hindle, who attended the conference plus some insights from his interview with Andy Noble, Sales and Marketing Director for Caterham Cars.
It’s been no secret that Corven, the private equity group who funded the buy-out of Caterham from the Nearn family, have long been seeking to retrench their investment. Despite a barrage of gilded PR, the introduction of new models, and ventures with household names ranging from Top Gear to Marks & Spencer, life since 2005 has not been easy for the Dartford outfit.
Well it’s been a fascinating few days since news of a tie-up between Team Lotus and Caterham emerged. The Hingham-based outfit announced a major press conference to be held at Duxford Airfield next week , prompting rumours about what’s likely to be on the agenda.
Tony Fernandes, Team Principal of Team Lotus and Group CEO of the low cost airline AirAsia received a CBE (Commander of the Order of the British Empire) from the Queen this morning, in recognition of his services to promote commercial and educational links between the UK and Malaysia.
The legendary Team Lotus name has returned to Formula One™ for the 2011 season with its new chassis, the TL128. It’s been a long while in the making and we’re told it’s very different from last year’s car, the TL127. “With last year’s car and especially the ¬first half of the season it was just an exercise in survival, whereas from the middle of last year it was about building the team up – that’s when we started working on this car.”, says Mike Gascoyne, Chief Technical Officer.