New ownership for Caterham Cars
Caterham Cars has been acquired by Japan-headquartered automotive group, VT Holdings, from businessmen, Tony Fernandes and Kamarudin Meranun.
The company assumes custodianship of the legendary British sportscar brand having been the Japanese importer for the Seven since 2009, where it currently sells more than 120 cars annually.
As one of Japan’s largest retailer groups with more than 200 showrooms nationwide and investments in the UK, Spain, Thailand and South Africa, VT Holdings is also the importer for a collection of two and four wheeled brands, including Royal Enfield and Lotus, in its home-market.
Motorsport, and the global track-day communities, have always played a central role in Caterham’s commercial success. The brand now joins a group led by Chief Executive, Kazuho Takahashi, who shares the same passions, having raced competitively in JGTC, Super GT and Super Taikyu championships for the past 20 years.
Takahashi-san said VT Holdings is proud to welcome Caterham to the group. “We have not only purchased a globally renowned performance car manufacturer but become custodians of a motoring legend. We will protect and develop the Seven to meet the legislative challenges that lie ahead,” he added.
Graham MacDonald, Chief Executive of Caterham Cars, said Takahashi-san and the team truly understand the DNA of the Caterham brand. “As a team, we’re all excited about starting to write the next chapter for this very special brand,” he added.
Caterham Cars said it sells to 20 markets globally with exports accounting for 60 per cent of its annual new car sales volume.