Niche UK sports car-maker Caterham is preparing for a future without petrol engines, embracing electric power in its classic Seven and a new two-seater.
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Japanese importer buys Caterham Mike Ryan
Japanese Caterham importer buys company outright, intends to continue Seven production.
Another British motoring brand is in foreign hands with Caterham Cars sold to Japanese firm VT Holdings.
Caterham’s Japanese importer since 2009, VT Holdings also retails several other brands in the country, including Lotus and Royal Enfield, across a 200+ dealer network and has interests overseas.
Japan has been one of Caterham’s most successful overseas markets, with around 120 cars shipped there annually.
The transfer of the long-lived company from current owners, Tony Fernandes and Kamarudin Meranun, to VT Holdings was announced on 6 April, ending 48 years of British ownership.