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Fernandes insists Caterham Group not for sale

The Caterham Group is not for sale according to a statement from the company after reports circulating at the weekend claimed so. A Malaysian newspaper claimed owner Tony Fernandes had put the group - which includes Caterham Cars, the F1 team and various other companies - up for sale and was asking for £350 million ($590m). However in a statement issued on Tuesday, he clarified that the report was untrue and said the group is looking for investors. "Despite press rumours to the contrary, Caterham Group is not for sale," it reads. "The reports circulating this weekend are factually incorrect. "It is, however, true that the Group is actively searching for additional...
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3mo ago from TheF1Times.com 0
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