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Renault joint venture road car plan with Caterham scrapped
Renault joint venture road car plan with Caterham scrapped 25 March, 2014 Renault and specialist sports car maker Caterham have dropped plans for joint production of a high-performance model for the British brand, a person familiar with the matter said on Monday.
The French automaker will brief unions on Wednesday about the unwinding of its nine-month-old joint venture with Caterham but continue solo development of a roadster to revive its own Alpine brand, the source said, citing an internal document.
Renault declined to comment on the termination of the deal, first reported by Agence France-Presse. Caterham officials were not immediately available for comment.
Under the agreement...
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10y ago from GrandPrix247.com
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