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Caterham off to China in 2012
Wed, 20 Jul 2011Caterham Cars - China Bound It’s quite an eventful time for car-making minnows Caterham – keepers of the Colin Chapman Flame- with a takeover at Caterham by Tony Fernades and Team Lotus only just complete, and now the news that Caterham are going to be selling cars in China from 2012. The takeover by Team Lotus has seen Caterham Cars’ profile on the international stage rise considerably as its logos appear on the Team Lotus F1 cars, which will do its prospects of selling Caterhams around the world no harm at all. Caterham has now signed an exclusive deal with Chinese importer Courtenay Trading International (CTI) who are aiming to appoint six retailers in key provinces of China over the next twelve months with a modest sales target of 50 cars in the first year.
Lotus to create 100 new jobs (2013)
Thu, 01 Aug 2013Lotus is bouncing back from the five-car plan debacle that saw its CEO Dany Bahar dismissed for professional misconduct, and an ambitious plot to launch a Porsche-slaying five-car range go up in smoke without so much a test mule spy shot. The Norfolk-based outfit has announced today the creation of 103 new jobs to meet rising demand not just for its cars, but the brand’s legendary car set-up skills too. It follows a £100m investment from parent DRB-HICOM earlier in 2013.
Supermarkets slash fuel prices for bank holiday
Tue, 19 Aug 2014SUPERMARKETS have announced fuel-price cuts ahead of the August bank holiday getaway. From tomorrow Asda, Sainsbury's and Tesco are all reducing the cost of their petrol by up to 2p a litre, with diesel going down by 1p a litre. In Asda's case, this will take the price of its petrol to no more than 124.7p a litre, with diesel at 128.7p for diesel – its lowest prices since January 2011.