May 24, 2013, 4:30 PM EDT
Caterham F1 Team owner Tony Fernandes has spoken out to silence rumors that he may be set to sell the team after it has failed to meet his expectations.
Although the tycoon did admit that he expected Caterham to be running in the midfield by now, he believes that the team has come too far to simply walk away.
“We went in with our eyes wide open and we are too far down the line with Caterham so, no, I will not be leaving,” Fernandes told Sky Sports. “It’s not about winning the world championship for me, it’s about building a car, which has always been my dream and that’s progressing quite well.”
The team has beaten closest-rivals Marussia in all three of its active seasons, but the tables may have turned in 2013 as the Anglo-Russian team currently sits P10 in the constructors’ championship. However, with Charles Pic and Giedo van der Garde impressing of late for Caterham, they could be set to re-claim this position in Monaco this weekend. Fernandes is pleased with the progress that the team has made, and he is keen on it continuing in the coming years, even if they are not meeting his early expectations.
“If we had just continued on our normal path we probably would have been in the midfield by now, so we’ve learned the hard way. But on the business side it’s done everything I wanted it to.
“I also think we’ve the right people now, but would I say we are 100 per cent where we want to be? No. We’ve a nice facility in Leafield and we’re going in the right direction.”
Fernandes refused to make too wild a claim and set his sights on a world championship any time soon, but he is hopeful that Caterham could yet score some points in the next season or two.
“I’m not saying we are going to be world champions any time soon, but I do believe if we continue this way then we have a good chance of progressing.”
Jul 4, 2015, 6:02 AM EDT
British driver back on top at Silverstone as Rosberg suffers another gearbox problem.
Jul 4, 2015, 4:45 AM EDT
Rosberg looks to make it a clean sweep of practice sessions on Saturday morning.
Jul 3, 2015, 5:00 PM EDT
Sirotkin claims his first pole in the GP2 Series on Friday ahead of Stoffel Vandoorne and Richie Stanaway.
Jul 3, 2015, 4:00 PM EDT
Foust seeks another win, Speed looks for bounce back from tough Daytona at MCAS.
Jul 3, 2015, 3:30 PM EDT
The street and road course specialist gets his first taste of an oval in Iowa this week.
Jul 3, 2015, 2:00 PM EDT
Wolff finishes eight-tenths of a second behind regular Williams driver Felipe Massa in FP1 on Friday.
Jul 3, 2015, 1:22 PM EDT
British driver switches back to the old setting on his Mercedes after struggling in the past four races.
Jul 3, 2015, 12:00 PM EDT
Raikkonen hits back at questions about his motivation as rumors of a possible driver change at Ferrari begin to circulate.
Jul 3, 2015, 11:00 AM EDT
Rosberg’s car was covered over following a stoppage in FP1.
Jul 3, 2015, 10:32 AM EDT
Two red flags interrupt running in FP2, but it is Nico Rosberg who leads the way once again.
Jul 3, 2015, 8:45 AM EDT
Can Nico Rosberg top the timesheets once again in second practice at Silverstone?
Jul 3, 2015, 4:46 AM EDT
First practice at Silverstone kicks off at 5am ET on Friday.
Jul 2, 2015, 11:08 PM EDT
The way his season had been going, two-time NHRA Funny Car champ Tony Pedregon was threatening to become a “Whatever Happened To?” question.
Jul 2, 2015, 10:18 PM EDT
New NHRA Peter Clifford has the experience and apparently plenty of ideas already to get the sport of drag racing moving forward and out of neutral.
Jul 2, 2015, 6:36 PM EDT
Today, Iowa. Next year, Indianapolis? That’s what Matthew Brabham is hoping for, after completing his first full IndyCar test with Andretti Autosport Thursday at Iowa Speedway.
Jul 2, 2015, 4:10 PM EDT
At the same time that James Hinchcliffe was seriously injured while practicing for the Indianapolis 500, Ryan Briscoe didn’t have a ride for either the 500 or for the season.
Jul 2, 2015, 3:00 PM EDT
The same ten teams from season one, albeit with a few name changes.
- Hamilton closes out British GP practice fastest 0
- Rosberg fastest once again in second British GP practice 0
- Rosberg tops FP1 at Silverstone after gearbox change 0
- NHRA: Tony Pedregon hopes to keep momentum going in Norwalk 0
- NHRA: New president Peter Clifford full of ideas to get drag racing back on-track 9
- Ryan Briscoe making most of filling in for James Hinchcliffe 1
- F1 Strategy Group pushing through technical revolution for 2017, other changes planned as early as Belgian GP 8