British sports car maker Caterham Cars has been acquired by Japanese importer and AM100 franchised car retail group owner VT Holdings.

The move takes the iconic lightweight brand out of British ownership for the first time in its 48-year history, according to a report in Autocar magazine this week.

Caterham, which added its latest UK franchisee in the form of Krazy Horse in Bury St Edmunds last October also has dealerships in Cheshire, Towcester, Bristol and Gatwick but exports to 20 overseas markets – accounting for 60% of all its sales.

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