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Caterham F1 Manufacturing company in administration

Discussion in 'Formula 1' started by Connor Caple, Oct 25, 2014.

  1. Connor Caple

    Connor Caple
    Slowest Racer in Town...

    Just stumbled across this news which is apparently FIVE DAYS old :confused:

    A company that builds cars for the Caterham Formula 1 team has gone into administration, putting hundreds of jobs at risk.

    Caterham Sports Limited, in Leafield, Oxfordshire, manufactures racing cars for the F1 team, which is operated by 1 Malaysia Racing Team (1MRT).

    Administrator Finbarr O'Connell said 200 jobs were affected and up to £20m was owed to external suppliers.

    He said the Caterham F1 team wished to continue to race.