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Team Principal of Caterham F1, Tony Fernandes, has announced that he will leave his role within the team by the end of the season, moving his focus to the Caterham Group who have just announced a new partnership with Renault.
The roadcar side of the business held a press conference yesterday to announce a new range of Alpine sportscars - to be built in association with Renault. Yesterday, Tony said of the new venture: “There is a huge opportunity to... give consumers access to exciting, affordable products that marry our interests in F1 and technology and help make their dreams come true.”
Now, Tony Fernandes has said that he will leave the day to day running of the F1 team to a yet-to-be-named successor, because, as he puts it: “We are definitely better at business than finding tenths of a second around a lap. It was right for us to lead the team initially and set a template of how it should be. That vision is now set and the team is ready to move forward to the midfield.”
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