Lotus team principal Tony Fernandes says he wants to use his company’s takeover of Caterham to make affordable sports cars using F1 technology.
Fernandes said Caterham will benefit from increased exposure through Formula 1.
Speaking at the announcement of the deal at the Duxford aviation museum Fernandes said Lotus will “make Formula 1 accessible through Caterham”.
He said: “There will be lots of different types of racing we’ll be doing to allow our fans and Caterham fans to have an experience.
“We’ll obviously be using the technology that Mike [Gascoyne] and his team have got to put into Caterham cars. We will have some new models.”
He added: “My aim would be, at some stage, to have a common brand. I think that both have their aspirations.
“As to the way, shape and form some will be dependent on the legal case, some will depend on how it looks and feels, and I’ll take the view of the fans as well.
“So it’s all to play. But at least we’ve got something to play with, which is the objective. As to the eventual shape and form of this team, I don’t know to be honest.”
Fernandes said developing road cars was always part of the team’s plans:
“When we started this Formula 1 journey we always wanted to manufacture cars. We always thought Formula 1 produced a fantastic platform to do that.
“Unfortunately the gods conspired against us. Obviously we wanted to work with Group Lotus but that hasn’t happened.
“But it’s funny how life has a way of sorting itself out and things end up even better than what you first imagined.”
He added that Caterham “has a unique place at the heart of motoring world.”
Fernandes said: “The parallels between my original life at Air Asia, where we set up a new brand, and what we have with Caterham is uncanny. When I took over Air Asia they had 200 staff, there are about 200 staff in Caterham.
“The parallels of building something that will be reaching a much larger market is something we’re very excited about.”
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