Caterham Cars has been sold...

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gileshudson
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Caterham Cars has been sold...

VT Holdings, Japanese importer for the Caterham Seven since 2009, has acquired Caterham Cars outright. The change in ownership, replacing Tony Fernandes and Kamarudin Meranun, was effective from 31st March according to an internal email seen by PH. The news was intended for wider release next Tuesday, but the firm indicated that its hand has been forced by leaks ahead of the embargo.

As well as being official importers for Caterham in Japan - where it sells more than 120 cars a year - VT Holdings is also responsible for bringing Lotuses and Royal Enfields into the country. Clearly it is partial to British icons. As a big retailer group in Japan, it has more than 200 dealerships, as well as additional investments in the UK, South Africa, Spain and Thailand.

All well and good you might think, but this is Caterham we're talking about; arguably the last thing anyone wants or needs is a faceless conglomerate on the other side of the world assuming control. But there's much to be encouraged by with VT. Plainly it knows the brand inside out already - which is a good start for such a delicate brand - and VT's chief executive is Kazuho Takahashi. Not exactly a household name in the UK, perhaps, but you'll likely have heard of Japanese Super GT, JGTC and Super Taikyu - and he's raced in all of them over the course of the past 20 years. If there was ever a man to head up Caterham's parent company, it's a guy with decades of motorsport experience (as well as, presumably, an amount of business acumen). Sounds like a reasonable place to start.

https://www.pistonheads.com/news/ph-britishcars/caterham-cars-bought-by-japanese-importer/43978

simon_h
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If they have money to invest that’s not such a bad thing 

gileshudson
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Indeed let's hope so Simon

Giles Hudson

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Guy Lowe
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Investment is needed, so probably a good thing if they decide to keep the existing management team it would be great. 

 

 

SM25T
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The Motors ... Turning Japanese !
gileshudson
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"VT Holdings is proud to welcome Caterham to the group.
 We have not only purchased a globally renowned performance car manufacturer but become custodians of a motoring legend.
 We will protect and develop the Seven to meet the legislative challenges that lie ahead."

Giles Hudson

AR, Bear 7s

Derek Batty
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Sorry don't agree it's a bastard when all UK ,businesses are bought by foreign companies,, how is it they can make a profit and UK business cannot ,, soon England will own sod all ,,poss not far of that now ,,

another British icon is owned  by a foreign buyer ,,,it's a bloody disaster ,what's going to be on  new badge ,,,a rising sun on the bonnet 

derek 

gileshudson
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Derek, it's been in foreign ownership for the past 10 years since Tony Ferrnandez bought it in 2011...

Giles Hudson

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.....might get a quad rotor rotary engine under the bonnet though...... Yikes

Derek Batty
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Yes I no Giles ,what now ,, no #70   310 ,or 620 ,,,

menu from no one to ? Then list of extras ,, 

yes my post might upset a few ,,tough 

Derek 

Derek Batty
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Sorry just me would love to see some of our great companies owned by British companies ,, 

Who owns MG. Now ,,,always loved my MGB. S ,,? 
derek