In the first announcement since its takeover last April, Caterham Cars released details of a standalone engineering business, Caterham Technology and Innovation Limited (CTI). The Company will be responsible for the development of a completely new line of accessible and affordable sportscars inspired by the lightweight, minimalist philosophy of the Seven and drawing on the advanced technologies and materials from the Group’s Team Lotus Formula One and Caterham Team AirAsia GP2 motorsport operations.
In addition to the next generation of Caterhams, CTI will undertake advanced projects for external companies operating within the automotive and aerospace sectors. “By establishing unique operating principles for CTI, we have managed to attract a world-class team of niche vehicle engineers eager to build on the ethos of Caterham and the DNA of the Seven.”
Among the first in a series of respected industry figures to join the new operation will be Tony Shute. Joining as Head of Road Cars for the new business and, as an avid motorsport competitor in his own right, Shute is credited with bringing the ground-breaking Series 1 Lotus Elise to market.
“When the opportunity to be involved with creating the next iconic Caterham arose, I couldn't turn it down,” says Shute. "The core principles and ambitions of CTI have enabled us to attract some of the brightest and most respected talents in their fields.”
