Caterham boss confident of team's survival

Fri Oct 3, 2014 8:53am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

By Abhishek Takle

SUZUKA Japan (Reuters) - Caterham principal Manfredi Ravetto said on Friday there were no guarantees the Formula One team would make it to the end of the season but expressed confidence they could do so.

Caterham's future, a constant source of speculation in a paddock populated by teams hit hard by the high costs of competing, was thrown into doubt ahead of Sunday's Japanese Grand Prix when bailiffs raided their British factory.

The seizure of various items raised questions about the team's participation at Suzuka but their two cars participated as usual in Friday practice.

Speaking to reporters shortly after arriving in Japan, Ravetto recognized the uncertainty had not been dispelled entirely.

"I agree I did not provide you with a bankable guarantee that we will be here until the end of the season or next year, but who can?" he said after initially dodging the question about the team's survival.

"I can tell you that I am very much confident," he added reiterating that the team's 2015 car was currently being developed in the Toyota wind-tunnel in Cologne, Germany.

"On the other side we are also realistic," Ravetto added. "We know where we are coming from, or at least where this team is coming from, so we are also quite relaxed in this respect."

The troubled team, who have never scored a point and are last in the standings, changed hands in July when Malaysian entrepreneur Tony Fernandes, frustrated by the lack of results, pulled the plug and sold it to a group of unidentified Swiss and Middle-Eastern investors.   Continued...

Caterham Formula One driver Kamui Kobayashi of Japan drives during the second practice session of the Japanese F1 Grand Prix at the Suzuka Circuit October 3, 2014.  REUTERS/Toru Hanai