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Tuesday, June 10, 2014

RENAULT HAS ACQUIRED CATERHAM GROUP’S STAKE IN SOCIÉTÉ DES AUTOMOBILES ALPINE CATERHAM

Leafield Technical Centre, UK - 10th June 2014 
. Following a mutual agreement between Renault and Caterham Group, Renault has increased its stake in Société des Automobiles Alpine Caterham to 100%, following acquisition of the interest held by Caterham Group.  Renault will now continue to develop its own Alpine sports car to be launched in 2016, as initially planned. Caterham Group also plans to continue with its own sports car.

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 joint venture, Société des Automobiles Alpine Caterham, owned 50/50 by the two partners. Other forms of cooperation could still be envisaged between Renault and Caterham Group in line with each company’s strategic policy directions.

As a result, Société des Automobiles Alpine Caterham will change its name to Société des Automobiles Alpine.  The change will be made as part of a general meeting to be held in June.

Ends

Press contact:

Caterham Group: Tom Webb, tom.webb@caterhamf1.com / +44 7581 208 504