Caterham Group is Not Up For Sale
Caterham Group chairman Tony Fernandes has refuted claims that the company is up for sale.
Earlier, a report from Malaysian media stated that Fernandes was looking to sell the Caterham Group for around $589 million, but the company has released a statement disputing the report. According to the Caterham Group, the reports are “factually incorrect” and that Fernandes, along with his co-chairman Datuk Kamarudin Meranun, are “wholly committed to the Caterham brand.”
SEE ALSO: Caterham Group Reportedly For Sale
The company is however, seeking additional investors so that it can “fulfill ambitious plans to develop.”
“The Caterham Group is not for sale,” said Fernandes in the statement. “We love what we build and we are always looking for further investment. This is no different to how we started AirAsia. Yes, we are constantly challenging ourselves and making decisions on everything from the structure to projects within the Group. That is normal business. That does not mean we are selling.”
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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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