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 »
2y 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...
2y ago from TheF1Times.com

Caterham Group not for sale insists Fernandes

Tony Fernandes has officially dismissed reports that he is intending to...
2y ago from RichlandF1.com

Fernandes not selling Caterham

Caterham owner Tony Fernandes has denied that his group of companies,...
2y ago from SkySports.com

Fernandes: Caterham Group is not for sale

– Tony Fernandes has confirmed he is not looking to sell the...
2y ago from GPUpdate.net

Elsewhere On The Network

Popular On MGPToday.com

Mistake switching tyres - Marquez

Marc Marquez was left to rue his decision to swap from the hard to the...
3h ago from SuperSport.com

Vinales wins season-opening Qatar MotoGP

Spain's Maverick Vinales on a Yamaha won the season-opening Qatar MotoGP...
15h ago from SuperSport.com

MotoGP Qatar: Sunday times and race results

Times and results from Sunday's MotoGP, Moto2 and Moto3 races in Qatar
18h ago from BikeSportNews.com

Lorenzo 'not prepared to fight' for wins

Jorge Lorenzo concedes that he is not yet in a position to fight for...
1h ago from SuperSport.com

Popular On IndyCarToday.com

Video: Mario Andretti drives CMS road course

Mario Andretti took some hot laps around Charlotte Motor Speedway's road...
2d ago from Racer.com

James Hinchcliffe Onboard Lap in Mercedes-AMG C 63 DTM

Following on from Robert Wickens taking on James Hinchcliffe's Indycar,...

Remaining KV Racing assets ready for auction

A Dallara DW12 Indy car chassis, custom race car transporters and...
5d ago from Racer.com

Winds impact speeds at IMS IndyCar test

Graham Rahal led the way in Friday's six-hour Honda test at the...
2d ago from Racer.com

Popular On TotalWRC.com

Regroup exclusive: Seb Marshall

Regroup exclusive: Seb Marshall In the latest edition of the Regroup...
1d ago from WRC.com

Germany rings the changes

New stages and a new service base in 2017
3d ago from WRC.com

Video: Teaser Tour de Corse 2017

Video: Teaser Tour de Corse 2017
1d ago from WRC.com

PRE-EVENT TEST VIDEOS #1 Tour de Corse 2017

PRE-EVENT TEST VIDEOS #1 (Fan Footage) Che Guevara Energy Drink Tour de...
3d ago from WRC.com

Popular On GunnersToday.com

Barcelona end interest in Arsenal defender Hector...

Barcelona have reportedly decided to end their long-standing interest in...
58m ago from SportsMole.co.uk

Arsenal hold interest in signing Southampton...

Southampton midfielder Dusan Tadic has reportedly emerged as a potential...
58m ago from SportsMole.co.uk

Arsenal icon Thierry Henry may not be ready for job

Thierry Henry admits he may not be experienced enough to replace Arsene...
4h ago from DailyMail.co.uk

Comments

Hottest News

Recent News

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.