May 24, 2013, 4:30 PM EST
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.”
Mar 7, 2014, 9:12 PM EST
Vegas pole sitter Joey Logano also talks about the issue.
Mar 7, 2014, 8:03 PM EST
In the waning moments of the final round of qualifying, Logano ran a lap of 193.278 mph to take the pole from teammate Brad Keselowski.
Mar 7, 2014, 6:05 PM EST
“It’s not 100,000 from Las Vegas that will be sitting in these grandstands.” – KB
Mar 7, 2014, 4:55 PM EST
The Joe Gibbs Racing driver says that right now, he’s more focused on working with the new aero rules and qualifying format.
Mar 7, 2014, 4:20 PM EST
Crew chief Rodney Childers, driver Casey Mears, and the impact of the new rules package at Las Vegas are all part of today’s show.
Mar 7, 2014, 4:13 PM EST
Kurt Busch’s quest to become the first NASCAR driver in a decade to attempt the “Double” – racing in the Indianapolis 500 on May 25, and then flying to Charlotte to compete in that evening’s Coca-Cola 600 – just became even more challenging.
Mar 7, 2014, 3:47 PM EST
Edwards and his Roush Fenway teammates pick up the pace after a slow Thursday test.
Mar 7, 2014, 3:43 PM EST
For the next month or so, don’t be surprised if Greg Biffle starts to act a little like Dracula — a good Dracula, mind you.
Mar 7, 2014, 3:30 PM EST
With a full-season ride in the NASCAR Euro Series, 33-year-old Mathias Lauda is set to add to his eclectic resume.
Mar 7, 2014, 3:12 PM EST
If you’re fortunate enough to spend any length of time around him, you’ll quickly find Matt Kenseth has a very dry wit. Think of a cross between comedians Steven Wright and the late George Carlin – just not so over-the-top as Carlin was.
Mar 7, 2014, 3:00 PM EST
SBJ report says Verizon will back series for 10 years.
Mar 7, 2014, 2:30 PM EST
“I’m sure there’s going to be more tension…But that’s what it’s all about. That’s why these drivers and teams are the best in the world.” – Graham Rahal
Mar 7, 2014, 2:00 PM EST
Qualifying format change falls in line with other moves made by IMS/INDYCAR the last several months.
Mar 7, 2014, 1:30 PM EST
Out go Korea and India, in come Austria and Russia, changes made to the running order, a different season finale – and a new night race!
Mar 7, 2014, 1:00 PM EST
With all but two teams making changes to their line-up and three new rookies, the F1 grid is looking very different in 2014.
Mar 7, 2014, 12:52 PM EST
TV times and talent for Indy Lights, Pro Mazda and USF2000 in 2014.
Mar 7, 2014, 12:00 PM EST
What are going to be the main themes for the new Formula 1 season? Be it noses, double points, Bernie or Kimi, it promises to be an exciting one.
Mar 7, 2014, 11:00 AM EST
F1 tire supplier confirms eight testing days with teams in 2014, thus avoiding the ‘testgate’ scandal of 2013.
Mar 7, 2014, 10:37 AM EST
Two attempts for Indy qualifying required: one to get in, one to set starting order.
Mar 7, 2014, 10:00 AM EST
First target for Hulkenberg is to make it past the first lap at Albert Park, having failed to do so in three attempts.
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