The Group, which consists of automotive and engineering companies, is under consideration for a sale that would bring the 50-year-old Malaysian capitalist close to 350 million pounds (432 million euros). The assets bring in prize winning sedan manufacturer Caterham Cars Ltd. except as well the Caterham Formula One racing Team, said the newspaper, citing a source that declined to reveal its individuality, not being allowed to converse regarding private matters.
According to the report, the sale is as well associated to Januarys word coming from Fernandes, in which he bemoaned the be short of of fallout from his Formula 1 team, even threatening with sponsor cuts if there are no fallout soon. No question the owners anger, as both in the 2012 and 2013 seasons and in the first five races of this season, the team had not won a single peak.
Another circulating report, concerning the Caterham Cars division this time, said that Renault and the British product were terminating a 2012 agreement to jointly develop and come around the Alpine sports product. Renault is now said to continue development of a new Alpine roadster on its own.
