Caterham announces new engineering business
UK sports car maker Caterham Cars has set up a new standalone engineering company to manufacture affordable, lightweight versions of its models.
Based in Norfolk, Caterham Technology and Innovation (CTI) will be responsible for the development of a completely new line of accessible and affordable sportscars inspired by the lightweight, minimalist philosophy of the Seven - a small, two seater sports car based on the Lotus Seven.
"By establishing unique operating principles for CTI, we have managed to attract a world class team of niche vehicle engineers eager to build on the ethos of Caterham and the DNA of the Seven," said Mark Edwards, CTI's chief executive.
According to Edwards, the spinoff will focus on unique vehicle architectures, high performance engines, advanced materials and manufacturing technologies in association with the Formula One and GP2 race teams. The new business will also undertake advanced projects for external companies operating within the automotive and aerospace sectors.
"Creating a new product range that has the same reputation and appeal as the Seven, which delivers on the promise of accessibility and affordability, is the Holy Grail in this business," commented Caterham Cars' chief executive, Ansar Ali. "To meet the challenge, we knew we needed to invest in a new operation that would have the scope, experience and vision to deliver."
