In the words of Tony Fernandez:
We have been talking for some time now about our plans for Caterham in all its guises, from the road car company to Formula 1 and GP2, and in the technology, design and innovation fields. Now, with the announcement we made last week about the rebranding in Formula One to Caterham F1 Team for 2012 and beyond, we are in a position to give a much more in-depth explanation of how the Caterham Group is taking shape.
Caterham F1 Team is the new and permanent incarnation of our Formula One investment. On and off track we continue to invest in people, infrastructure and technology and 2012 is a critical year in our development. Underneath the F1 team sits Caterham Racing, the new name for our GP2 team, and then we have our driver development programme that encompasses various motor racing formulae from karting, GP3, World Series by Renault and right up to F1 - a staircase of talent that gives opportunities for drivers, engineers, mechanics and all the associated skill-sets across the motorsport industry the chance to learn, develop and reach the top. This is also complimented by the various Caterham Cars racing series, currently with approximately 700 cars competing in series around the world and now given a new impetus by the direct links to the F1 team and all our associated motor racing interests.
With those four arms in place, and more to be announced in due course, we have a dynamic group of businesses already working together that gives a clear vision of what our long-term strategy is in their respective fields, and as one entity under Caterham Group. The group will be based across a number of centres of excellence - Caterham Cars, Caterham F1 Team and our motorsport interests will be based in one location that we are close to announcing, and our technology and composites interests will be based in Norfolk. With those plans now complete we have the foundations in place for long-term growth and success, and now we are in complete control of our own destiny. We have a very exciting future ahead of us and are all looking forward to seeing the rewards of our hard work pay off for many years to come.
Have to admit, Tony's plans for Caterham Group look almost like smaller scale McLaren Group of sorts. Impressive.
So, a respectable automotive brand, with sporting image and history but no involvement in Formula One as of yet, will be on the grid next year.
Personally, I can say that I'm glad the Lotus/Lotus situation was resolved the way it did, because it allowed for Caterham name to step into Formula One - and that sure is a good thing. Good luck to the team and let's hope the progress of last two season continues!
Now, discuss away!