Caterham has made an announcement that it has founded a new engineering business – Caterham Technology and Innovation Limited (CTI). The company will be responsible of producing a new line of affordable sports cars inspired by the brand’s lightweight and minimalist philosophy of the Seven.
CTI will also work on advanced projects for external companies within the automotive and aerospace sectors.
“The new shareholders are committed to investing in an exciting range of global products over the next 10 years,” says Mark Edwards, CTI’s Chief Executive. “Tony Fernandes has been very clear from the start that Caterham needed a sustainable research and development business model in order to meet the plans the management have for the road car business.
Caterham says that it has been able to put together a world-class team of engineers that will work for CTI.
Caterham said it will provide additional details as time goes on.
– By: Omar Rana