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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...

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    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.


    http://www.bbc.co.uk/news/uk-england-oxfordshire-29704117