Caterham Cars has been sold...

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Pondboy
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If we end up with a Caterham dealer in Spain, I'm all for it. :) 

TomB
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If they’ve got money to invest into the future we should welcome it! I read the Tony Fernandez AirAsia has loses of $15billion, so I guess he’s doing the millionaires equivalent of looking down the back of the sofa! 

 

BBL
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April fools, possibly?

Smile Sean

Derek Batty
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Bloody hope so Sean , 

derek 

 

gileshudson
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As it was leaked and published late evening on Friday 2 April, It'd be pretty weird if it was

Giles Hudson

AR, Bear 7s

BBL
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As it happened on or near April 1st, I expected to find some other source confirming the news, but I haven't.  Nothing on Caterham's pages that I could find, nothing on VT Holdings pages that I could find at http://www.vt-holdings.co.jp/eng/, and nothing anywhere else except for pistonheads and now jalopnik, which aren't exactly at the same level as the BBC.  I suppose we'll all know one way or the other in a day or three, but any significant news on or about April 1st without corroborating sources always leaves me wondering.

Smile Sean

Harry Flatters
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Derek, what is your beef with this takeover? As Giles pointed out, CC has been foreign owned for the last 10 years. Now at last there is an owner with a rich racing pedigree, responsible for 25% of all 7s sold and presumably with the financial muscle to drive the company forward and prepare it for testing legislative times ahead. Assuming it's genuine, what's not to like?

BBL
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Have to say I agree.  Outside of UK, no place reveres the 7 as much as the Japanese.  Could have been a lot worse (profit-seeking American business conglomerate).

Smile Sean

aerobod
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Re #7, Derek, I think the largest British owned car manufacturer is now either Ginetta or Ariel.

Jaguar and Land Rover are Indian owned

MG is a Chinese company

Mclaren is majority owned by a Bahrain company

Morgan is Italian owned

Lotus is majority Chinese owned

Aston Martin is not really owned by any specific country, being publicly traded, but is mainly Canadian / German controlled

Vauxhall is French owned

Rolls Royce, Mini and Bentley are German owned

TVR (if it starts manufacturing again) is Russian owned.

I've probably missed a few, but Caterham is the norm for a foreign owned car company that still manufactures in the UK and used to be British owned in the past.

James

john aston
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I think TVR has been back in British ownership for some time , not that anybody has been able to buy anything from them yet .

I welcome the news - Japan absolutely gets the Seven and its status there is even higher than here ,  I suspect . My only slight  disappointment is that a Geely takeover didn't happen, as they could have brought the Seven back into the Lotus fold, thus avoiding the interminable discussion on the club  name . That said , you'd want to sup with a very long spoon if you are dealing with a country whose expansionism is such a worry and whose human rights record is a disgrace .