Caterham gears up for China sales
The Chinese appear to have developed a taste for traditional British sports cars, with Caterham Cars announcing that its famous Seven will be sold there.
The company, which manufactures about 500 cars and home-build kits a year, 55 per cent for export, says they will sell between 30 and 50 vehicles there. Engines are provided by Ford and assembly is in Dartford, Kent.
The competitive pound and a burgeoning middle class will help Caterham to plug into breakneck growth – China has overtaken America as the biggest auto market in the world. Caterham will, though, be lucky to escape the counterfeiting which has irritated makers from Daewoo to Rolls-Royce. Caterham's David Ridley said: "Our entry into the Chinese market is another tangible sign of how Caterham is striving to become a truly global brand."
Caterham bought the rights to the Seven in 1973 from Lotus, and the firm was taken over this year by Tony Fernandes, who runs the racing outfit Team Lotus, which almost brings the Caterham/Lotus story full circle. Lotus Cars remains separate.
Apple has been hit by complaints about the 1.1GB download
Much-loved cartoon character returns - without Sir David Jason
Liam Neeson's Downton dreams
Matt Smith is set to join cast of the Jane Austen classic - with a twist
Actress to appear in second series of the hugely popular crime drama
Olympic diver has made his modelling debut for Adidas
- 1 Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe wearing bikinis
- 2 Scottish independence: Learn from Quebec's mistakes and beware of promises. Vote Yes.
- 3 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 4 Revealed after 75 years of secrecy: 'Fifi' the glamorous WW2 special agent who tested British spies' resolve
- 5 Have you heard about the film Singapore has banned its people from watching? Well, you have now
Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe wearing bikinis
Scottish independence: Final opinion polls show undecided voters could swing result either way
Scottish independence: Almost half of No voters have felt 'personally threatened' by the Yes campaign
Isis release 'Flames of War' video warning Obama of attacks troops could face in Iraq
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Portuguese academic says British are 'filthy, violent and drunk'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
iJobs Money & Business
£70-90,000: Saxton Leigh: Our client a London Market Insurer are seeking a Pro...
£60,000 - £80,000: Saxton Leigh: Our client is an leading Asset Manager based...
£18000 - £23000 per annum + Comission: SThree: The SThree group is a world lea...
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...