British sports activities automotive producer Caterham Vehicles has been acquired by Japanese automotive group, VT Holdings.
The corporate, which purchased Caterham from businessmen Tony Fernandes and Kamarudin Meranun, has been the Japanese importer for the Seven since 2009, the place it at present sells greater than 120 automobiles yearly.
As one among Japan’s largest retailer teams with over 200 showrooms nationwide and investments in UK, Spain, Thailand and South Africa, VT Holdings can be the importer for a set of two and 4 wheeled manufacturers together with Royal Enfield and Lotus in its home-market.
Motorsport, and the worldwide track-day communities, have at all times performed a central position in Caterham’s industrial success. The model now joins a bunch led by Chief Govt, Kazuho Takahashi, who shares the identical passions, having raced competitively in JGTC, Tremendous GT and Tremendous Taikyu championships for the previous 20 years.
Commenting on the acquisition, Takahashi-san, stated: “VT Holdings is proud to welcome Caterham to the group. We’ve got not solely bought a globally famend efficiency automotive producer however develop into custodians of a motoring legend. We are going to defend and develop the Seven to satisfy the legislative challenges that lie forward.”
Graham MacDonald, chief govt of Caterham Vehicles, added: “Takahashi-san and the crew actually perceive the DNA of the Caterham model, our heritage, our prospects and our passions. As a crew, we’re all enthusiastic about beginning to write the subsequent chapter for this very particular model.”
Caterham Vehicles promote to twenty markets globally with exports accounting for 60% of its annual new automotive gross sales.
