Caterham Group Officially Named at Brazil F1 Grand Prix

Less than eight months after the purchase Caterham Cars Team Lotus, the company's chairman, Tony Fernandes has confirmed that the new group with four divisions, which carry the name of Caterham. Appropriately, the announcement was made last weekend at the Grand Prix of Brazil

"We talked a while about our plans for Caterham in all its forms, company car roads in Formula 1 and GP2, and in the fields of technology, design and innovation," said Fernandes.

"Now, with the announcement of rebranding in Formula One for Caterham F1 Team for 2012 and beyond, we are able to provide much more detailed explanation of how the Group Caterham takes shape," he added.

The four divisions of the new Caterham Cars Caterham group F1 Team, Caterham Technology and Innovation (CTI) and the compounds Caterham, Caterham everything up by the Group CEO, Riad Asmat.

Caterham Cars is currently expanding into new markets, bringing together seven in India, introducing it to China and prepare SP/300.R sports prototype for launch in 2012. At the same time to prepare for a new product line, with completely new road car first to carry the logo of Caterham is scheduled for 2014.

The newly appointed Caterham F1 Team, which includes the new nickname of Caterham racing team in the GP2 group is not limited to Formula 1 and GP2 program. Under the guidance of technical director Mike Gascoyne, who will actively participate in many forms of motorsports, with more than 700 Caterham Seven runners from around the world, GP3, the World Series by Renault and karting.

CTI, which was founded in September, is responsible for developing a new range of sports cars at affordable prices, they promise to remain faithful to the character of Seven.

The Caterham composites have recently launched as managing director Mike Gascoyne and carry out projects for other companies. According Fernanandes, which is involved in aerospace and marine, motorsport and automotive projects.

"With these four arms in place and more to be announced in due course, we have a dynamic group of companies that are already working together, providing a clear vision of what our long term strategy is in their respective fields, and as the a unit in Caterham group, "says Fernandes.

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Lotus Name Confusion Resolved, Caterham Joins F1 as Virgin Exits

This year's Method 1 period may have been a very enjoyable one as far as the sporting was worried, thanks to the new regulations that led to many taking on and wheel-to-wheel challenges between people, but in one facet, it has also been complicated.

Outside the monitors there was a nasty appropriate challenge between two organizations over the right to use the Lotus name since the end of last period.

The first workforce was Malaysian-owned Team Lotus that had acquired the privileges to use the name from Proton, which has the Lotus car business and ran in the common Indian Racing Natural colours.

The other is Lotus Renault GP, the Enstone-based former Renault F1 workforce that is had by Genii Money and ran in the gold-and-black livery similar to the Bob People Unique Lotus F1 motors of the ‘80s.

Eventually, Team Lotus won the appropriate challenge, and Genii Money had to battle under the Lotus-Renault name, even though the France carmaker was only giving the applications.

The frustration of having two Lotus organizations on the lines has lastly been solved, according to a record from ESPN.

Team Lotus will move its name to Caterham, as a way to advertise the carmaker it lately obtained, making Lotus-Renault as the only Lotus-branded Method 1 workforce.

But in addition, there's another workforce that will modify its name for the 2012 season: Virgin mobile will do not have Sir Rich Branson’s model name, but that of key individual Marussia.

All name changes were accepted during an F1 Fee achieving in Geneva, but they must also be ratified by the FIA Globe Engine Activity Government, which will match on November 7.

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