As expected, Team Lotus confirmed today that they have indeed purchased Caterham Cars.
Caterham, who produce the 'Seven' track / road car as designed by Lotus, recently announced a new model was to be released - the SP/300.R, but the company have found it difficult to market their vehicles to the global market with limited funds.
This deal will presumably see the Caterham logo given a prominent position on the Team Lotus F1 car, as currently the most prominent logo is that of EQ8, an energy drink company also owned by the Team Lotus group.
For more on this story, visit www.teamlotus.co.uk
Or to learn more about Caterham Cars, visit www.caterham.co.uk
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