16 May 2013 Last updated at 15:47

Caterham F1 launch sailing team for Global Ocean Race

Oxfordshire Formula 1 team Caterham have announced plans to use the technology arm of their company to compete in the world of sailing.

A class40 offshore racing campaign has been launched by the Caterham Group and will start with the Transat Jaques Varb event between France and Brazil in November and will also include the Global Ocean Race in September next year.

CEO of Caterham Technology Mike Gascoyne told BBC Radio Oxford that they intend to fully utilise the engineering knowledge at their Leafield factory.