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.”
Aug 28, 2014, 7:00 PM EDT
NASCAR AMERICA has more on the situation surrounding one of the Nationwide and Truck Series’ more prominent outfits.
Aug 28, 2014, 6:17 PM EDT
USA Today’s Nate Ryan calls in to NASCAR AMERICA to talk about the impact of the three-time Sprint Cup champion’s return this weekend at Atlanta.
Aug 28, 2014, 4:38 PM EDT
After missing the last three NASCAR Sprint Cup races following the tragic accident that claimed the life of 20-year-old sprint car driver Kevin Ward Jr. at an upstate dirt track, NASCAR star Tony Stewart will return to racing this weekend at Atlanta Motor Speedway.
Aug 28, 2014, 4:21 PM EDT
They don’t call it Hotlanta for nothing. As we get closer to Sunday’s Sprint Cup night race at Atlanta Motor Speedway, things are definitely heating up.
Aug 28, 2014, 3:30 PM EDT
“The Captain” and his crew have not celebrated an IndyCar Series title since Sam Hornish Jr. won it all in 2006.
Aug 28, 2014, 2:45 PM EDT
NBCSN coverage of the Verizon IndyCar Series’ title tilt at Auto Club Speedway begins Friday at 7 p.m. ET with qualifying, followed by the MAV TV 500 on Saturday at 9 p.m. ET.
Aug 28, 2014, 2:00 PM EDT
The three-time Indianapolis 500 winner gets another chance to finally capture an IndyCar Series crown this Saturday night at Auto Club Speedway (9 p.m. ET, NBCSN and NBC Sports Live Extra).
Aug 28, 2014, 1:00 PM EDT
Justin Wilson back at the track where he got injured a year ago, seeking to end 2014 on a high note.
Aug 28, 2014, 12:49 PM EDT
Could Tony Stewart’s three-week absence from NASCAR Sprint Cup racing in light of the Kevin Ward Jr. tragedy be coming to an end?
Aug 28, 2014, 11:00 AM EDT
Lewis Hamilton and Mercedes will wait to extend their deal until after the season ends.
Aug 28, 2014, 10:33 AM EDT
IndyCar banks a night of testing before this weekend’s MAVTV 500.
Aug 27, 2014, 11:03 PM EDT
It’s pretty simple and straight-forward what Jamie McMurray must do in the next two races if he has any hope of making this year’s expanded 16-driver field for the Chase for the Sprint Cup.
Aug 27, 2014, 6:19 PM EDT
On Wednesday’s edition of NASCAR America, Jeff Burton spoke with Rick Allen and Frank Stoddard about the spectacle of racing at Bristol and just how difficult Joey Logano’s victory at the half-mile oval was.
Aug 27, 2014, 6:11 PM EDT
NASCAR driver jeff Burton says there has been no word yet from Tony Stewart on whether the latter will return to the No. 14 Stewart-Haas Racing Chevrolet this weekend at Atlanta after missing the last three races due to the Kevin Ward Jr. tragedy, but it could be a last-minute decision.
Aug 27, 2014, 5:00 PM EDT
The NASCAR Camping World Truck Series’ Turner Scott Motorsports team was reportedly set to close; however, that appears to have changed.
WATCH LIVE: NASCAR AMERICA at 5 pm ET — Burton on replacing Stewart, Logano’s Bristol win, Atlanta look ahead
Aug 27, 2014, 4:11 PM EDT
Wednesday’s edition of NASCAR America will be chock full of looking back at Saturday’s race at Bristol, as well as starting our lookahead over the next three days for this Sunday’s night race at Atlanta.
Aug 27, 2014, 4:00 PM EDT
IndyCar will formally confirm the addition of New Orleans to its 2015 schedule later Wednesday.
Aug 27, 2014, 3:00 PM EDT
NASCAR Trucks race at Canadian Tire Motorsport Park this weekend. Will they be able to match up with the 2013 edition?
Aug 27, 2014, 2:30 PM EDT
Skeleton Bronze medalist Matt Antoine goes for two-seater ride with Arie Luyendyk in Milwaukee.
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