Renault and Caterham team up to build future sports vehicles

Renault and Caterham Group have revealed that they are to jointly design, develop and build future sports vehicles.

Caterham Group will own a 50 per cent stake in the Automobiles Alpine Renault company, which is currently 100 per cent held by Renault SAS.

The new venture, the Société des Automobiles Alpine Caterham, will be created in January 2013 and will be managed by Renault’s Bernard Ollivier.