Italy

Last Race: 07th Sep Italy

Italy GP Results
Pos Driver
1 Lewis Hamilton
2 Nico Rosberg
3 Felipe Massa

Fernandes: Caterham not for sale

Wednesday 28th May 2014

 RSS

Share:

Fernandes: Caterham not for sale

Fernandes: Caterham not for sale

Caterham owner Tony Fernandes has dismissed claims that the Formula One team's parent company is for sale.

Speculation is rife in Malaysia that the Caterham Group has been put up for sale following Fernandes' pre-season threat that he would stop funding its exploits if its on-track performances don't improve.

Although Caterham recorded one of its best results to date in Monaco last week when Ericsson finishing 11th, that achievement was surpassed by the rival Marussia outfit which claimed its first ever Championship points when Jules Bianchi finished in ninth.

A Caterham statement, though, rubbished those claims and reiterated that Group chairmen Fernandes and Datuk Kamarudin Meranun "remain wholly committed to the Caterham brand".

Fernandes added: "Caterham Group is not for sale. We love what we build and we are always looking for further investment. This is no different to how we started AirAsia [Fernandes's airline business].

"Yes, we are constantly challenging ourselves and making decisions on everything from the structure to projects within the Group.

"That is normal business. That does not mean we are selling."

Gallery: Race Day In Italy

Editor's Picks

Getting To Know Mr Marchionne

Getting To Know Mr Marchionne

Ferrari fans needn't be worried about new boss Sergio Marchionne - he comes with a pedigree of turning round businesses...

Highlights Of Luca's Tenure

Highlights Of Luca's Tenure

Luca di Montezemolo is Ferrari through and through, from spending time as Enzo Ferrari's assistant to assuming control in 1991...

Tin Foil Hats At The Ready

Tin Foil Hats At The Ready

Twice this season Lewis Hamilton has accused Nico Rosberg of deliberately making a mistake. Was Monza number three?

Winners and Losers: Italian GP

Winners and Losers: Italian GP

Andrew Davies tuned into the latest episode of the 'Lewis vs Nico' drama, and he wasn't disappointed...

PlanetF1 Fantasy League

PlanetF1 Fantasy League

The season may be underway but you can still enter the PlanetF1 Fantasy League and win prizes on a race-by-race basis...