First it was Proton and Honda. Now though, Renault and Caterham have struck a deal of their own in a partnership which will see the two carmakers join forces in designing, developing and building future sports vehicles.
As part of the partnership, Renault SAS will relinquish 50 per cent of what used to be its 100 per cent stake in Automobiles Alpine Renault company to the Caterham Group. The resulting partnership is the Société des Automobiles Alpine Caterham which will begin operations in 2013, headed by Bernard Ollivier.
It is said that the cars which will be produced under this new partnership will carry the respective DNA of Alpine and Caterham cars. These vehicles will be built at the Alpine plant in Dieppe, Normandy, in France. Carlos Ghosn, Chairman and CEO of Renault, pointed out that this innovative partnership will carry both opportunities for the Dieppe plant as well as the development of its historic know-how.
The partnership is the latest in the series of high profile deals struck up by Tan Sri Tony Fernandes, the man behind AirAsia who also has Caterham as well as English football team Queens Park Rangers under his belt. He said: “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.”