Video: Team Lotus Buys Caterham

At a press conference held to tell us what we had known was coming for a while, Team Lotus has purchased Caterham, the guardians of the legacy of the old Lotus Seven. This joins together two different companies which both throw around the name of Colin Chapman's company without actually having anything to do with it. The move will give Caterham the option of expanding their lineup beyond the one body style they currently build.

To celebrate the event, Caterham will be building 50 Sevens wearing the green and yellow Team Lotus livery. Half of these will stay in the UK, while the other 25 will be exported. The option will cost £3000 and it also includes a plaque with the signatures of Jarno Trulli and Heikki Kovalainen, the Team Lotus Formula 1 drivers.

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