News Details

Fernandes denies Caterham is for sale

Following recent rumours of a possible sale of Caterham, chairman Tony Fernandes has officially denied that the Caterham Group is or will soon be up for sale. Recent reports claimed that Fernandes was preparing to put the company up for sale, but in a press release today, the company formally denies any such moves, instead clarifying they are searching for further investment to strengthen the group. 'The reports circulating this weekend are factually incorrect. 'It is, however, true that the Group is actively searching for additional investment as it seeks to fulfil ambitious plans to develop. The shareholders of the Group, co-Chairmen Tony Fernandes and Datuk Kamarudin Meranun, remain...
Full Story »
11mo ago from F1Technical.net 0
Share

You May Also Be Interested In...

Fernandes insists Caterham Group not for sale

The Caterham Group is not for sale according to a statement from the...
11mo ago from TheF1Times.com

Caterham Group not for sale insists Fernandes

Tony Fernandes has officially dismissed reports that he is intending to...
11mo ago from RichlandF1.com

Fernandes not selling Caterham

Caterham owner Tony Fernandes has denied that his group of companies,...
11mo ago from SkySports.com

Fernandes: Caterham Group is not for sale

– Tony Fernandes has confirmed he is not looking to sell the...
11mo ago from GPUpdate.net

Elsewhere On The Network

Popular On MotoGPToday.com

I can be my own worst enemy - Lorenzo

The Yamaha rider began the season in indifferent fashion, failing to get...
27m ago from SuperSport.com

Lorenzo: My first enemy is myself

Jorge Lorenzo admits that the biggest obstacle standing between him and a...
14h ago from Motorsport.com

Ducati to test in Spain as they look for more grip

With Ducati having skipped the post Jerez test the Italian team will...
20h ago from MotorcycleNews.c...

Bautista pleased with Aprilia seamless

Alvaro Bautista gave Aprilia's new seamless gearbox its first public...
18h ago from MotorcycleNews.c...

Popular On IndyCarToday.com

Shortened Monaco track good for fans, says Di Grassi

Lucas di Grassi believes that the shortened version of Monaco in use for...
18h ago from Motorsport.com

De Silvestro seals IndyCar return with Andretti

– Simona de Silvestro will return to IndyCar with Andretti...
21h ago from GPUpdate.net

IndyCar: Series mandates new aero kit component

Related Stories Related Stories IndyCar IndyCar: Ganassi team reveals new...
13h ago from Racer.com

IndyCar: Series set to introduce LED position lights

After testing a LED car position system during Spring Training in March...
1d ago from Racer.com

Popular On TotalWRC.com

The Rising Star of Daniel McKenna

The opening round of the 2015 FIA Junior World Rally Championship, Rallye...
18h ago from TheCheckeredFlag...

Endurance to the fore in Sardinia

Italy’s round features longest leg in modern day WRC
15h ago from WRC.com

RX: Guy Wilks joins JRM Racing for Lydden Hill

Two-time British Rally champion Guy Wilks is set to enter the British...
18h ago from Crash.net

Prokop's race against time for Portugal car

Developed by M-Sport, the new car will make its eagerly anticipated debut...
18h ago from WRC.com

Popular On GunnersToday.com

Arsenal and Southampton defensive target tipped for...

Arsenal and Southampton will have to pay over £8million if they are to...
57m ago from FootballFancast....

Premier League's 5 highest penalty scorers this term,...

There are some top class penalty takers in the Premier League this season,...
1h ago from CaughtOffside.com

Arsenal consider £30m summer move for Germany winger

Arsenal are considering a move for Schalke star Julian Draxler, who is...

Arsenal set to make move for 25-goal Porto star

Arsenal have been given a boost in their chase for Jackson Martinez after...

Comments

comments powered by Disqus

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.