News Details
Caterham: Staff locked out of factory
The Caterham saga took another sad twist today as staff arrived to discover they had been locked out of the factory at Leafield.Finbarr O'Connell, of administrators Smith & Williamson told the BBC that 1MRT, which until recently owned Caterham sports and still holds the grid slot for the team, had made an 'inadequate' offer to continue using the Leafield site.The factory has a £5.3m loan secured on it which Caterham Sports took out in 2012 from Export-Import Bank of Malaysia, and whilst the situation with 1MRT is being sorted out, staff are refused entry.When Export-Import didn't receive instalments on the loan it put Caterham Sports into administration in order that the company's...
Full Story »
Full Story »
10y ago from Pitpass.com
0
You May Also Be Interested In...
Caterham F1 staff locked out of factory
Caterham F1 staff were locked out of the team's factory in Leafield on...
10y ago from Crash.net
Caterham factory closed by administrators
Staff were left locked out of Caterham's factory in Leafield on Thursday...
10y ago from espnF1.com
Caterham F1 site staff locked out
Staff working for the Caterham F1 team have been locked out of the firm's...
10y ago from BBC.co.uk
Doors shut at Caterham factory
Caterham's saga hit a low point on Thursday as employees found the doors...
10y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
KTM will continue with MotoGP in 2027 “if we can...
No description available...
7h ago from Motorsport.com
Francesco Bagnaia must “stop the bleeding” of...
No description available...
12h ago from Motorsport.com
Luca Marini injured in Suzuka fall, Ai Ogura undergoes...
No description available...
11h ago from Motorsport.com
Marc Marquez admits he ‘needs to work on mistakes’...
Marc Marquez admits he and younger brother Alex Marquez "were the...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Kyle Kirkwood fastest in opening IndyCar practice from...
After speeding around Indianapolis Motor Speedway for two weeks, IndyCar...
45m ago from MotorsportWeek.c...
Andretti Global belatedly accepts Indy 500 post-race...
Two Andretti Global entries were among the cars that received post-race...
7h ago from MotorsportWeek.c...
Veteran engineer Michael Cannon returns to Dale Coyne...
Dale Coyne Racing has announced that it has re-hired expert engineer...
2d ago from MotorsportWeek.c...
Three drivers lose Indy 500 finishing positions after...
The NTT IndyCar Series has penalized three drivers following the...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC: Sebastien Ogier confirms entry to the Acropolis...
No description available...
3h ago from Motorsport.com
Co-driver dies after crash during Jim Clark rally in...
Roberts, 39, was pronounced dead at the scene near Duns in the Scottish...
6d ago from TheGuardian.com
Rally Portugal criticism causes WRC, FIA to address...
No description available...
1w ago from Motorsport.com
WRC signs new deal to race in Portugal until at least...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Leroy Sane latest: Arsenal, Spurs suffer transfer...
Arsenal and Tottenham Hotspur are dealt a blow in their pursuit of Bayern...
4h ago from SportsMole.co.uk
Joan Garcia: Arsenal can repeat Liverpool transfer...
Arsenal may struggle to win the race for Espanyol goalkeeper Joan Garcia...
8h ago from SportsMole.co.uk
Arsenal and Man United suffer free transfer blow as...
Lille striker Jonathan David is supposedly close to an agreement on...
6h ago from SportsMole.co.uk
Arsenal transfer news: Real Madrid plotting shock move...
Real Madrid are allegedly contemplating an approach for an Arsenal...
8h ago from SportsMole.co.uk
Comments
Hottest News
Helmut Marko issues pecking order verdict after Spanish...
The first day of running since the introduction... Read More »
3h ago from RacingNews365.com
2025 F1 Spanish Grand Prix - Free Practice 2 results
Check out the full, all-important results from... Read More »
5h ago from RacingNews365.com
McLaren front wing shock as Christian Horner discusses...
Check out the biggest stories from the opening... Read More »
1h ago from RacingNews365.com