Renault buys out Caterham’s stakes in Alpine joint-venture and confirms commitment to produce the first Alpine-badged vehicle since 1994.[Not a valid template]
The Société des Automobiles Alpine Caterham, the partnership between Renault and Caterham to revive the Alpine brand, has shortened its name to Société des Automobiles Alpine with Renault buying out Caterham’s 50-percent share in the joint venture. The original plan – to develop a two-seater sports car that would be produced as separate Alpine and Caterham models – has now been dropped with Renault now fully in control of the company and Caterham focussing on an alternative sports car.
Renault has announced that the first Alpine-badged sports car since 1994 will be related to the A110-50 Concept car from 2012 and design specifications are now 90-percent finalised. Production will take place at Renault’s Dieppe plant in Normandy, France.