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.
- 1 Jeremy Clarkson 'sees no problem' with his racist language on Top Gear, says BBC
- 2 'Alien thigh bone' on Mars: Excitement from alien hunters at 'evidence' of extraterrestrial life
- 3 Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
- 4 London restaurant 34 creates champagne glass modelled on Kate Moss’ left breast
- 5 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
'Alien thigh bone' on Mars: Excitement from alien hunters at 'evidence' of extraterrestrial life
Russell Brand opposes anti-Semitism after death threats: 'We must disavow all forms of prejudice that lead to exclusion and execution'
James Foley 'beheaded': Isis video shows militant with British accent 'execute US journalist' – as hunt begins for killer
ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
Microbial life found living on the exterior of the International Space Station, say reports
Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
Scottish independence: English people overwhelmingly want Scotland to stay in the UK
Isis threat: Cameron wants an alliance with Iran
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
Bin bag full of cats' heads discovered near Manchester's Curry Mile
Disgusting, frustrating, but intriguing: how the country really feels about its politicians
iJobs Money & Business
£30000 - £40000 per annum + benefits+bonus+package: Harrington Starr: C#.NET ...
£20000 - £30000 per annum + benefits+bonus+package: Harrington Starr: Junior D...
£550 - £650 per day: Orgtel: Business Analyst - Traded Credit Risk - Investmen...
£55000 per annum: Harrington Starr: A financial software vendor at the forefro...