Renault buys out Caterham in Alpine sports car JV

fernandes-ghosn

The rumoured divorce is now finalised. Following a mutual agreement between Renault and Caterham, the former has increased its stake in Société des Automobiles Alpine Caterham to 100%, following acquisition of the interest held by Caterham in the joint venture.

Following the buy out, Renault will now continue to develop its own Alpine sports car to be launched in 2016, as initially planned. Caterham Group, headed by Tan Sri Tony Fernandes, also plans to continue with its own sports car separately. Last month, The Malaysian came out to deny that Caterham is for sale following talk that he was looking to sell the company and F1 team for 350 million pounds (RM1.9 billion).

This acquisition brings to an end to the partnership signed in November 2012 by Renault and Caterham Group to develop and manufacture sports cars through a JV, owned 50/50 by the two partners. Société des Automobiles Alpine Caterham will now change its name to Société des Automobiles Alpine.

Other forms of cooperation could still be envisaged between Renault and Caterham Group in line with each company’s strategic policy directions, the press statement added.

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Danny Tan

Danny Tan loves driving as much as he loves a certain herbal meat soup, and sweet engine music as much as drum beats. He has been in the auto industry since 2006, previously filling the pages of two motoring magazines before joining this website. Enjoys detailing the experience more than the technical details.

 

Comments

  • nabill (Member) on Jun 10, 2014 at 6:09 pm

    Dont disturb tony,hes counting his profits!

    Like or Dislike: Thumb up 4 Thumb down 2
  • Waja2003 on Jun 10, 2014 at 7:48 pm

    Caterham F1 he wants to sell for 350million pounds? Its not even worth 350 pounds in weight.

    Like or Dislike: Thumb up 3 Thumb down 6
  • What???

    Like or Dislike: Thumb up 0 Thumb down 0
  • Bernard on Jun 11, 2014 at 1:48 am

    Before you (Other commenters) do ANYTHING bear in mind that Caterham is a niche market company, NOT a mass market producer so Don’t treat them in the SAME way as one. Toyota isn’t in the same class as Ferrari and in this context, Caterham is neither.

    Like or Dislike: Thumb up 6 Thumb down 5
  • Azlan on Jun 11, 2014 at 8:10 am

    Not giving any commenting on the car.
    Nowadays Businessman do not walk the talk. Telling everyone of how to do business and the business ethics. Yet most of them are doing the reverse of what they preaching.

    Like or Dislike: Thumb up 7 Thumb down 1
  • Jaybond on Jun 11, 2014 at 8:26 am

    Enough of the drama & fiasco. To Renault & Caterham lets get back to work as the world is eagerly waiting for both of the new Alpine & Caterham sportscars!

    Like or Dislike: Thumb up 1 Thumb down 1
 

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