Caterham and its F1 engine partner Renault have reportedly axed a joint venture to produce road-going sports cars.
It was announced in late 2012 that the collaboration would involve Caterham, the Tony Fernandes-led F1 backmarker, buying into Renault's Alpine brand.
"I have not felt as excited about a new venture since I launched AirAsia in 2001," Malaysian entrepreneur Fernandes said at the time.
But media reports are now claiming the venture is being scrapped.
The news follows an obvious dip in Caterham's progress in formula one, as the team struggles with the radical 2014 rules and after Fernandes admitted in January that "If we're at the back I don't think I'm going to...
Full Story »