Renault, Caterham decide to join forces

Renault and Caterham Group have announced their decision to join forces in pursuit of a common project: to design develop and build future sports vehicles. This agreement reflects a similar passion and expertise in sports and motorsports vehicles. The future vehicles will be distinctive, differentiated, and carry the respective DNA of Alpine and Caterham Cars, the automotive division of Caterham Group. They will be built at the Alpine plant in Dieppe, Normandy, in France. The Caterham Group will own 50pc stake in the Automobiles Alpine Renault company, currently 100pc held by Renault SAS. The Société des Automobiles Alpine Caterham, which will be resulting from this partnership, shall be created in January 2013. It will be managed by Bernard Ollivier This project, which ensures the Dieppe Plant a sustainable future, was made possible thanks to the incentive and to the substantial support and commitment provided by the French State and the Région Haute Normandie which also involved the contribution of Dieppe Maritime. Commenting on this Carlos Ghosn, Chairman and CEO of Renault said, “This innovative partnership with Caterham embodies a longstanding ambition: the creation of a sports car with the Alpine DNA. It carries both opportunities for the Dieppe plant and the development of its historic know-how.”