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Would you like to see the Caterham Seven launched in South Africa?
By Pritesh Ruthun
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JOHANNESBURG - In 1973, Caterham Cars (a dealership run by Graham Nearn that specialised in selling Lotus Cars) acquired the rights to manufacture the Lotus 7 from its creator, Colin Chapman.
Nearn built a respectable business, one that would eventually see its name on the wing of a Formula 1 car, but the business changed hands frequently as the motor car evolved and consumers tastes changed.
Caterham Seven 310R
Arguably one of the greatest driverâs cars ever made, and living on in several iterations to this day, the Caterham Seven remains a highly niche product that caters to very specific tastes. One could argue that this market is all but obliterated, due to the rise of the SUV and the new dawn of the electric car.
British Icon Caterham Cars Acquired By Japanese Automotive Group forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Caterham bought by Japanese importer VT Holdings, taking over from AirAsia boss Tony Fernandes
6 April 2021 6:08 pm / 2 comments
It’s the footnote of a saga that started when AirAsia boss Tony Fernandes went racing in Formula 1 back in 2010. Caterham Cars, the iconic British kit car maker owned by the Malaysian entrepreneur and his business partner Kamarudin Meranun since 2011, has been bought over by the brand’s Japanese importer VT Holdings effective March 31.
The new owner has officially represented Caterham in the country since 2009, where it sells over 120 cars a year – an impressive figure for such a niche carmaker. The press release says that VT Holdings is one of Japan’s largest retailer groups, with over 200 showrooms nationwide and investments in the United Kingdom, Spain, Thailand and South Africa.
New owners for British sports car specialist
6 Apr 2021
Iconic British sports car manufacturer Caterham Cars has been sold to Japan based VT Holdings, an automotive distributor and global dealership network. The group is already responsible for Caterham’s Japanese distribution, which is the largest single market for Caterham outside of the UK, selling 120 cars a year.
Caterham has been sold by its former owners Tony Fernandes and Kamarudin Meranun, who had big plans for the boutique sports car manufacturer when they bought the company in 2012. These plans included entering Formula 1 for three seasons between 2012 and 2014 (56 races entered, zero points) and working with Renault to create an all-new mid-engined sports car.