News Details
Caterham explain why Marussia merger made no sense
23 March, 2013 Cyril Abiteboul
Caterham has belatedly confirmed reports that talks about a possible merger with rival Formula 1 backmarker team Marussia took place over the winter.
In explaining the delay in Marussia being offered a 2013 commercial deal, Bernie Ecclestone dropped the bombshell about the mooted merger.
'As I understand it, the conclusion (of the merger talks) was unacceptable to our shareholders,' Marussia chief executive Graeme Lowdon said on Thursday. 'So nothing happened.'
Initially, Caterham pointedly denied the existence of the merger talks, team founder Tony Fernandes insisting 'no such thing' ever took place.
New team boss Cyril Abiteboul told the New Straits...
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