05 November 2012

Renault and Caterham Group to design and build sports vehicles in Dieppe, France

05 November 2012 - Renault and Caterham Group today announced their decision to join forces to design develop and build future sports vehicles. The future vehicles will be distinctive, differentiated, and carry the respective DNA of Alpine and Caterham Cars, the automotive division of Caterham Group. They will be built at the Alpine plant in Dieppe, Normandy, in France. 

The Caterham Group will own 50% stake in the Automobiles Alpine Renault company, currently 100 % held by Renault SAS. The Société des Automobiles Alpine Caterham, which will be resulting from this partnership, shall be created in January 2013. It will be managed by Bernard Ollivier 

This project, which ensures the Dieppe Plant a sustainable future, was made possible thanks to the incentive and to the substantial support and commitment provided by the French State and the Région Haute Normandie which also involved the contribution of Dieppe Maritime. 

Carlos Ghosn, Chairman and CEO of Renault said, “This innovative partnership with Caterham embodies a longstanding ambition: the creation of a sports car with the Alpine DNA. It carries both opportunities for the Dieppe plant and the development of its historic know-how.” 

Tan Sri Tony Fernandes, Caterham Group Chairman said, “I have not felt as excited about a new venture since I launched AirAsia in 2001 and I want to thank Carlos Ghosn and Carlos Tavares and everyone in our new Renault family for having the belief in Caterham Group to create this partnership. Many people doubted us 11 years ago when we launched our airline and I am sure that there will be doubters again this time, but we will not fail your trust. We know the markets we are going into and, particularly in my playground in Asia, there is a huge opportunity to replicate the AirAsia model and give consumers access to exciting, affordable products that marry our interests in F1 and technology and help make their dreams come true.” 

Following a feasibility study on the joint development of a sports car conducted by Renault Sport Technologies and Caterham Technology & Innovation (CTI – the engineering and technology business of Caterham Group), Renault and Caterham will combine their skills to build models in large and small series, in order to widen their positioning on the sports vehicle market. The objective for each company is to launch its own vehicle in this market within the next three to four years. 

The Dieppe plant will play a central role in the partnership between Renault and Caterham Group. The project is a development opportunity for the Dieppe site, from the standpoint not only of production, but also the acquisition of a prized and unique expertise. The Alpine plant in Dieppe is currently dedicated to building the vehicles developed by Renault Sport Technologies, both production (Clio R.S.) and racing models. 

Present on every continent, Renault has more than 350 manufacturing and commercial sites in 118 countries. Renault employs a workforce of 128,000. It had revenue of €42.628 million in 2010 and sold more than 2.7 million vehicles in 2011. Renault is a major player in motorsports through its subsidiaries Renault Sport F1 and Renault Sport Technologies. 

Caterham Group is the parent company grouping businesses specialising in cars, motorsports, technology and innovation, including Caterham Cars, Caterham Technology and Innovation, Caterham F1 Team and Caterham Composites. 

Caterham Cars is a highly specialized sports car manufacturer. The company has its production based in Dartford, Kent, UK and has a global retail network. 

Caterham Technology and Innovation (CTI) is a specialist engineering business with a focus on advanced vehicle concepts, enhanced powertrains, advanced materials and manufacturing technologies. The company has its headquarters in Hingham, Norfolk, UK. 

Source: Renault