Renault is now the sole owner of Alpine image

Société des Automobiles Alpine Caterham will soon undergo a name change, as the French automaker Renault announced in a statement it took full control of the brand, acquiring the stake from Caterham.

Alpine is now fully owned by Renault after British specialist sports car brand Caterham and the French must have come to insurmountable issues – the joint-venture was supposed to develop together a high-performance model, but the plans were scrapped altogether.

The joint-venture between Renault and Caterham to revive the specialist brand Alpine was formed back in 2012 and was supposed to develop and build for the 50/50 owned company new sports cars – which would have helped the UK kit-car maker become a global premium sports car manufacturer.

Renault unveiled its plans to change the name of the brand into Société des Automobiles Alpine and continue the announced development of a sports car on its own, with the initially announced unveiling date – 2016 – still on the table. The French carmaker also said the separation between the two was amiable and hasn’t excluded plans for future collaborations with the Caterham Group.

Via Automotive News Europe