Team Lotus takes over sports car maker Caterham

28 April 2011 Last updated at 07:31 ET Help

Team Lotus has announced the takeover of British sports car maker Caterham.

The team, based at Hingham in Norfolk, only joined Formula One 18 months ago and have already made their mark.

Caterham is best-known for production of the Seven, based on the 1960s Lotus sports car.

Louise Holmes reports.

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