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Caterham at risk as manufacturer goes bankrupt
Caterham Sports Limited, which manufactures the Caterham F1 Team's Formula 1 cars, has gone into administration, putting hundreds of jobs at risk. Whilst the team itself insists this is nothing to worry about, it's likely to have some impact on how it operates, especially heading into next season. Though they share a name and a base in Leafield, the two companies are completely separate of one another. The F1 team and its all-important licence, are owned by 1 Malaysia Racing Team (1MRT). Caterham Sports Limited (CSL) is a separate company, though it is contracted by 1MRT to build its cars and upgrades. With the latter having gone bankrupt, owing upwards of £20 million to external...
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11y ago from TheF1Times.com
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