Caterham has announced that it has founded a separate engineering company that will focus on producing a new line of affordable sports cars. Caterham Technology and Innovation Limited intends to translate the lessons of lightweight performance gleaned from years of building the Caterham Seven into an accessible product for the masses. There's even talk of implementing lightweight materials and high-performance engine tech from the Team Lotus Formula One endeavor. Get excited. CTI even makes it clear that the company's shareholders can expect to see a global product line within the next ten years or so.

In addition to designing and manufacturing light-weight giggle machines, CTI will also make its engineering services available to other manufacturers. While it's likely that the majority of those clients will come from the automotive sector, CTI also intends to woo the aerospace industry as well. Hit the jump for the full press release.
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CATERHAM CARS LAUNCHES NEW TECHNOLOGY BUSINESS

Company to be responsible for new road cars and more

Shared technologies with Formula One and motorsport operations

In the first announcement since its takeover last April, Caterham Cars, makers of the legendary Seven, has released details of a standalone engineering business, Caterham Technology and Innovation Limited (CTI).

The Company will be responsible for the development of a completely new line of accessible and affordable sportscars inspired by the lightweight, minimalist philosophy of the Seven and drawing on the advanced technologies and materials from the Group's Team Lotus Formula One and Caterham Team AirAsia GP2 motorsport operations.

In addition to the next generation of Caterhams, CTI will undertake advanced projects for external companies operating 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.

"By establishing unique operating principles for CTI, we have managed to attract a world-class team of niche vehicle engineers eager to build on the ethos of Caterham and the DNA of the Seven."

Among the first in a series of respected industry figures to join the new operation will be Tony Shute. Joining as Head of Road Cars for the new business and, as an avid motorsport competitor in his own right, Shute is credited with bringing the ground-breaking Series 1 Lotus Elise to market.

"When the opportunity to be involved with creating the next iconic Caterham arose, I couldn't turn it down," says Shute. "The core principles and ambitions of CTI have enabled us to attract some of the brightest and most respected talents in their fields."

Further announcements will be made in due course.

The new business will focus on unique vehicle architectures, high performance engines, advanced materials and manufacturing technologies in association with the Formula One and GP2 race teams.

Speaking of Caterham Technology and Innovation, Caterham Cars' Chief Executive, Ansar Ali, says: "Creating a new product range that has the same reputation and appeal as the Seven, which delivers on the promise of accessibility and affordability, is the Holy Grail in this business. To meet the challenge, we knew we needed to invest in a new operation that would have the scope, experience and vision to deliver."

He adds: "I feel very confident that our customers will be very pleased with the products I have challenged CTI to deliver, in addition to supporting the Seven and I look forward to revealing our plans in more detail soon."

Caterham Technology and Innovation is based in Norfolk near the Group's motorsport operations.


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    • 1 Second Ago
  • 14 Comments
      Myself
      • 3 Years Ago
      Beware.... Caterham talks about new car... In their world it can mean Caterham version 7.05, now available with 5 new colors
        Elmo
        • 3 Years Ago
        @Myself
        http://www.topgearrules.org/wp-content/uploads/2011/01/19.jpg Research before assuming. That's the Caterham SP300.R.
      • 3 Years Ago
      [blocked]
      brown_lightning
      • 3 Years Ago
      Given the fact that Multimatic did a lot of the chassis work on the new CSRs, I doubt Caterham has any intrinsic advanced engineering capabilities (as portrayed in this article - but thankfully not the press release). Most of that would have to come from new hiring... as well as from team lotus F1..
      Ryan
      • 3 Years Ago
      Sounds like a great strategy. Just make it legal in the US (not that Radical concept they showed earlier) and make it so someone of above average height can fit and you will have yourself a winner.
      Kaze9
      • 3 Years Ago
      Well that's fantastic news. Looks like I'm moving to the UK
      MacQueen
      • 3 Years Ago
      hello everyone, I am MacQueen, I have already written some car entris at my car blog very well, please visit and read my entries, welcome to my blog http://infocars365.com, thanks
      Just Stuff
      • 3 Years Ago
      I love the idea, but I had a funny feeling that his idea of "accessibility and affordability" and mine are nowhere near each other.
      • 3 Years Ago
      [blocked]
        Elmo
        • 3 Years Ago
        http://www.topgearrules.org/wp-content/uploads/2011/01/19.jpg
      bleexeo
      • 3 Years Ago
      Sounds like Caterham is going to be what Lotus should have been.
      Jim R
      • 3 Years Ago
      Some suggestions. 1. Make it possible for a six footer to fit in the car. 2. Define "affordable". Are we talking affordable like sub-$30,000? Or affordable like "less than a Lotus Evora"? Because if you can sell a rolling chassis in the US ready for a selection of donor four-cylinder engines (Honda KA, GM Ecotec, Ford Zetec, etc) for under 20 grand...yes please.
      P
      • 3 Years Ago
      Given the need for lightweight chassis in tomorrow's cars, Caterham is perfectly positioned for cars and technology services alike. Funny that Bahar's Lotus is rejecting this most obvious of trends in favor of competing in already saturated overlapping niches of mid-engined sports cars. If I were a betting man, my money would be placed squarely on Caterham.
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