The name Caterham may not be all that recognizable here in the U.S., but Team Lotus has officially announced the purchase of the sportscar manufacturer. Caterham is known for building lightweight track cars off the Lotus Seven chassis.
In addition to building cars off the Seven chassis, Caterham has also been working on the SP/300R prototype, which is also expected to make it to production, thanks to the new cash infusion from this sale.
Tony Fernandes, Kamarudin Meranun and SM Nasarudin, the men behind the Team Lotus Formula 1 squad, bought out Caterham's owner Corven Ventures.
To celebrate the new ownership, Caterham is going to build a limited run of Team Lotus Special Edition Sevens. Only 50 units will be built with 25 going to the UK and the remaining 25 headed to Caterham's export markets. The package can be applied to any of the Seven variants and includes the Seven being painted in the famous green and yellow colors of Lotus and will come with a raft of bespoke Team Lotus additions.