Sales

So It Turns Out Caterham Isn't For Sale

But it very much sounds like it's looking for some investors.

Just a few days ago we reported that the Caterham Group was being put up for sale. The supposed asking price was $589 million, which included Caterham Cars, its Formula 1 team, Caterham Technology and Innovation, and Caterham Composites. Only now the company is denying this. A statement from the Caterham Group is calling the potential sale "factually incorrect." Tony Fernandes, who bought the company in 2011, and his co-chairman Datuk Kamarudin Meranun, are still "wholly committed to the Caterham brand."

Fernandes further clarified: "The Caterham Group is not for sale. We love what we build and we are always looking for further investment…That is normal business. That does not mean we are selling." Investment. That was the key word in that statement. What’s apparently really going on is that Fernandes and crew are searching for capital. They need an investor willing to put up some cash to keep things afloat. More than likely someone will be found. After all, Caterham is an intriguing company, considering it builds road cars and has its own F1 team.

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