News Details
Caterham: Staff locked out of factory
The Caterham saga took another sad twist today as staff arrived to discover they had been locked out of the factory at Leafield.Finbarr O'Connell, of administrators Smith & Williamson told the BBC that 1MRT, which until recently owned Caterham sports and still holds the grid slot for the team, had made an 'inadequate' offer to continue using the Leafield site.The factory has a £5.3m loan secured on it which Caterham Sports took out in 2012 from Export-Import Bank of Malaysia, and whilst the situation with 1MRT is being sorted out, staff are refused entry.When Export-Import didn't receive instalments on the loan it put Caterham Sports into administration in order that the company's...
Full Story »
Full Story »
11y ago from Pitpass.com
0
You May Also Be Interested In...
Caterham F1 staff locked out of factory
Caterham F1 staff were locked out of the team's factory in Leafield on...
11y ago from Crash.net
Caterham factory closed by administrators
Staff were left locked out of Caterham's factory in Leafield on Thursday...
11y ago from espnF1.com
Caterham F1 site staff locked out
Staff working for the Caterham F1 team have been locked out of the firm's...
11y ago from BBC.co.uk
Doors shut at Caterham factory
Caterham's saga hit a low point on Thursday as employees found the doors...
11y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP's tightest title race in years: What...
The numbers back that up. According to Crash.net's post-race breakdown,...
3h ago from MotorsportWeek.c...
How to fix small paint chips like a motorsport mechanic
The good news is that most everyday chips can be stabilised and blended...
3h ago from MotorsportWeek.c...
“This is not F1 on two wheels” - Carlos Ezpeleta...
No description available...
8h ago from Motorsport.com
Jorge Martin no longer obsessed with winning MotoGP...
No description available...
14h ago from Motorsport.com
Popular On IndyCarToday.com
How to watch IndyCar 2026 at Markham: Weekend...
No description available...
6h ago from Motorsport.com
Foyt, Homes for Our Troops, and White House Historical...
No description available...
1d ago from Motorsport.com
First portion of 2027 IndyCar schedule confirmed
The NTT IndyCar Series has confirmed dates and locations for the first...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
What to expect from WRC Rally Scotland after FIA test...
No description available...
3d ago from Motorsport.com
Thierry Neuville claims WRC Rally Finland was...
No description available...
1w ago from Motorsport.com
FIA sets deadline for WRC Saudi Arabia decision
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal latest: VOTE! Should Gunners go for Osimhen?
No description available...
1h ago from SkySports.com
Forget Alvarez! Arsenal may have just been handed...
Arsenal could be handed a sensational opportunity to sign Victor Osimhen...
1h ago from CaughtOffside.com
Arsenal reopen talks for £60m+ Premier League star as...
Arsenal have reopened talks with Aston Villa over a potential deal for...
2h ago from CaughtOffside.com
'Arteta would probably be too worried about him losing...
Former England star Chris Waddle has urged Bradley Barcola to pick...
4h ago from SportsKeeda.com
Comments
Hottest News
Racing star feared Danica Patrick was going to punch him in...
NASCAR star Denny Hamlin has opened up on the... Read More »
3h ago from GPFans.com
Lewis Hamilton handed F1 title boost as Ferrari upgrade set...
Ferrari have kept themselves busy behind the... Read More »
5h ago from GPFans.com
Mercedes F1 catastrophe? Toto Wolff hits back and says to...
Mercedes F1 chief Toto Wolff has issued a... Read More »
4h ago from GPFans.com
