Monday 7 July 2014

Motor racing-Caterham must change to survive - Kolles

By Alan Baldwin LONDON, July 7 (Reuters) - Caterham's new owners aim to keep the struggling team in Formula One for years to come but tough decisions must be made for that to happen, the man overseeing the transition has warned. Former F1 team principal Colin Kolles, who has been brought in as an "adviser" but is seen as the key figure calling the shots behind the scenes, told Reuters in an interview that he had a clear plan. It's impossible." Caterham were handed over by Malaysian entrepreneur Tony Fernandes - who had threatened before the start of the season to walk away if the team did not improve - to a mystery group of Swiss and Middle Eastern investors days before last weekend's British Grand Prix. Kolles said they were "private individuals from the Middle East with Swiss connections." Formula One's commercial supremo Bernie Ecclestone told Reuters separately he had no idea who they were. via Health News Headlines - Yahoo News Read More Here..

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