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Caterham F1 Manufacturing company in administration

Connor Caple

Slowest Racer in Town...
Joined
Nov 24, 2009
Messages
974
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
 
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