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.”
Sep 1, 2014, 1:25 AM EDT
The result beats her previous high water mark of seventh this past May at Kansas.
Sep 1, 2014, 1:10 AM EDT
HAMPTON, Ga. — It was a rough night for a number of drivers in Sunday’s Oral-B USA 500 NASCAR Sprint Cup race at Atlanta, including Kevin Harvick, Clint Bowyer and Marcos Ambrose.
Sep 1, 2014, 12:43 AM EDT
Matt Kenseth enters the post-season with a second place result, while Clint Bowyer finds himself outside the Chase Grid going into next Saturday’s regular season finale.
Sep 1, 2014, 12:14 AM EDT
HAMPTON, Ga. – Kasey Kahne’s 17th career Sprint Cup win couldn’t have been any larger.
Aug 31, 2014, 10:07 PM EDT
HAMPTON, Ga. – It was not the comeback that Tony Stewart had hoped for.
Aug 31, 2014, 9:45 PM EDT
Tony Stewart’s return to competition tonight at Atlanta Motor Speedway has encountered some trouble after a restart run-in with “Rowdy.”
Schumacher (TF), Hagan (FC), Line (PS), Krawiec (PSM) ones to beat in Monday’s NHRA U.S. Nationals finals
Aug 31, 2014, 9:08 PM EDT
Following Sunday’s final round of qualifying, Tony Schumacher (Top Fuel), Matt Hagan (Funny Car), Jason Line (Pro Stock) and Eddie Krawiec (Pro Stock Motorcycle) will lead their respective classes as No. 1 qualifiers for Monday’s final eliminations of the 60th annual Chevrolet Performance U.S. Nationals.
Aug 31, 2014, 7:28 PM EDT
HAMPTON, Ga. — There was no question which driver received the most applause and cheers during driver introductions prior to the start of Sunday night’s Oral-B USA 500 at Atlanta Motor Speedway.
Aug 31, 2014, 7:00 PM EDT
Rush Truck Centers’ CEO: “We stand with Tony.”
Aug 31, 2014, 5:34 PM EDT
Matt Kenseth can clinch a spot in the post-season with a finish of seventh or better in tonight’s race at Atlanta Motor Speedway.
Aug 31, 2014, 4:25 PM EDT
HAMPTON, Ga. — Atlanta Motor Speedway will honor longtime Atlanta-area broadcaster and motorsports reporter “Capt. Herb” Emory, who passed away in April at the age of 61, prior to Sunday’s Oral-B USA 500 NASCAR Sprint Cup race.
Aug 31, 2014, 4:09 PM EDT
Ryan Blaney uses a cross-over move on German Quiroga in the final corner and then beats him to the stripe, winning the Chevrolet Silverado 250.
Aug 31, 2014, 2:15 PM EDT
The 9-time U.S. Nationals champion dispatches Richie Crampton in the final of the Traxxas Shootout with a track-record speed of 328.54 mph.
Aug 31, 2014, 1:45 PM EDT
The legal wranglings following the sale of the team look set to continue.
Aug 31, 2014, 12:30 PM EDT
Former FIA president believes Mercedes made a mistake hanging its dirty laundry out for all to see.
Aug 31, 2014, 11:00 AM EDT
Not the best start to life with Red Bull for the young Dutchman.
Aug 31, 2014, 10:00 AM EDT
Marquez claims win number 11 of his remarkable sophomore year in Moto GP.
Aug 31, 2014, 9:00 AM EDT
Australians stick together, right?
Aug 31, 2014, 7:30 AM EDT
Australian touring car series will not be returning to Austin in 2015 as originally planned.
Aug 31, 2014, 4:00 AM EDT
Will Power’s brother Damien provides raucous, hilarious commentary as Will drove towards the Verizon IndyCar Series title.
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