Caterham, the British manufacturer of sports cars, has announced plans to expand production and move to a new location. The company, which was founded in 1973, is known for its lightweight and high-performance vehicles that are designed for both the road and the track.
The decision to expand production comes after a successful year for Caterham, which saw the company increase its sales by 8% in 2019. The company’s CEO, Graham Macdonald, said that the expansion was necessary to meet growing demand for Caterham’s cars.
“We’ve had a fantastic year, with more people than ever before discovering the thrill of driving a Caterham,” Macdonald said. “To keep up with this demand, we need to expand our production capacity and move to a new location that can accommodate our growth.”
The new location for Caterham’s production facility has not yet been announced, but the company has said that it will be in the UK. The move is expected to create new jobs and boost the local economy.
Caterham’s expansion plans also include the development of new models. The company is currently working on a new sports car that will be powered by an electric motor. This will be Caterham’s first electric vehicle and is expected to be released in the next few years.
Despite the move towards electric power, Caterham remains committed to its roots as a manufacturer of lightweight sports cars. The company’s current range includes the Seven 270, Seven 310, and Seven 420, all of which are powered by petrol engines.
Caterham’s cars are known for their minimalist design and focus on driving experience. The company’s philosophy is summed up by its founder, Colin Chapman, who famously said: “Simplify, then add lightness.”
This focus on simplicity and performance has made Caterham a popular choice among driving enthusiasts. The company’s cars are often used for track days and racing events, where their agility and handling make them a formidable competitor.
Caterham’s expansion plans are a sign of the company’s continued success and popularity. With a new production facility and new models in the pipeline, the future looks bright for this iconic British manufacturer.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- Minting the Future w Adryenn Ashley. Access Here.
- Source: Plato Data Intelligence: PlatoData