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Caterham in surprise motorbike racing move
Thu, 17 Oct 2013Caterham has today revealed it is moving into motorbike racing, with the launch of a Moto2 World Championship team that will debut in 2014. The two-bike team will compete in the feeder series to the ultra-popular MotoGP championship, with one rider – American Josh Herrin – already being confirmed for one of the race seats. Caterham AeroSeven unveiled in Singapore Caterham Seven 165 prototype stars at the 2013 Frankfurt Motor Show Caterham will team up with Swiss motorcycle racing experts Suter Racing Technology to design the new bike.
CPP comments as investor Vladimir Antonov loses his bank. Arrest warrant issued.
Thu, 24 Nov 2011Vladimir Antonov - Arrest warrant issued over Snoras Bank collapse Russian businessman Vladimir Antonov has been busy buying up a raft of car companies (and Portsmouth FC) in recent years. But there are now big questions about how he financed that. Vladimir Antonov is the main shareholder in Lithuanian Snoras bank (he owns 68 per cent) and in Latvijas Krajbanka via a 60 per cent stake owned by Snoras.
£10 million cash boost for Lotus
Tue, 26 Nov 2013Business secretary Vince Cable has visited Lotus’ Norfolk headquarters today, where he announced the company would be awarded £10.44 million from the Regional Growth Fund. The money will be used for research and development of products, as well as staff training. The sports car company expects to create 313 full time jobs to support production over the coming years.