Caterham – including Caterham F1 – up for sale for £350 million

Will the Caterham AeroSeven Concept (pictured) be a casualty of Caterham’s impending sale?

Caterham’s foray in to F1 hasn’t been much of a success, with not a single point on the F1 board since they arrived in 2010 as Lotus Racing (although Marcus Ericsson was just one place off a point at Monaco yesterday). Now, after warning back in January that he would walk away from F1 if the Caterham team’s performance on track didn’t improve, it looks like Fernandes is ready to walk away from Caterham altogether.

Reuters is reporting the Edge Malaysia newspaper is claiming a document is circulating round the Middle East outlining the offer of Caterham for sale and looking for bids in the region of £350 million.

The deal will also include Caterham Cars, where the new Caterham AeroSeven Concept (pictured above) previewed a new Caterham for 2014, and where there are bold plans to build new cars with Renault Alpine as well as a new Caterham City Car and SUV.

The desire to move on from Caterham could explain the scenario we currently have where, despite an agreement to co-develop a new road cars between Caterham and Renault Alpine, both parties have pulled away and stated they will be pursuing their own path.

Could it be Renault got wind of Fernandes’ plans and decided to pull the plug?

By Cars UK