Renault and Caterham Drop Sports-Car Venture

Newswire

PARIS, June 10 (Reuters) - Renault said on Tuesday it had scrapped plans to build a high-performance model for British specialist sports car brand Caterham. Renault has bought out Caterham's stake in a joint venture announced in late 2012 and will pursue plans to launch its own Alpine model alone, the French automaker said in a statement, without disclosing financial terms. The company had already briefed unions in March on the unwinding of the deal. Tony Fernandes, the AirAsia founder ...

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