The Nearn family sold Caterham Cars for a rumoured £4-5million. The shock announcement was made more intriguing by the news that the purchaser was Ansar Ali, who until just days before the news broke was working as general manager of Lotus Cars. Backed by private equity company Corvin, Ali has become MD of Caterham Cars, but out-going boss Simon Nearn will remain as a consultant.
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