Caparo Vehicle Technologies
{{Short description|British vehicle technology company}}
{{Other uses|Caparo (disambiguation)}}
{{Use dmy dates|date=March 2017}}
{{Use British English|date=March 2017}}
{{Infobox company
| name = Caparo Vehicle Technologies
| logo = File:Caparo Vehicle Technologies Logo.jpeg
| type = Private
| company_slogan =
| foundation = 2004 {{small|as Freestream Cars Limited}}
| founder = Graham Halstead
Ben Scott-Geddes
| defunct = 2019
| location = Leamington Spa, United Kingdom
| key_people = Graham Halstead
{{small|(Founder)}}
Ben Scott-Geddes
{{small|(Founder)}}
Angad Paul
{{small|(Chairman)}}
| num_employees =
| industry = Automotive
| products = Supercars
| parent =
| subsid =
| homepage = [http://www.caparovehicletechnologies.com/ Caparo V.T. Website]
}}
File:Caparo_T1_British_International_Motorshow_2006_195999165.jpg
Caparo Vehicle Technologies (CVT), formerly known as Freestream Cars Limited, was a British company that provided advanced technology development, materials engineering, and design services to and markets.{{cite web|url=http://www.caparo.com/divisions/division-overview.asp?did=31&gid=1 |title=Caparo Vehicle Technologies |access-date=2007-11-24 }}{{dead link|date=November 2016 |bot=InternetArchiveBot |fix-attempted=yes }} Caparo Vehicle Technologies went into administration in 2015, and was fully dissolved by 2019.
History
Caparo Vehicle Technologies was originally founded in 2004 as Freestream Cars Limited by Graham Halstead and Ben Scott-Geddes who had both worked on the McLaren F1 project.{{cite web|url=https://uk.globaldatabase.com/company/freestream-cars-limited|title=FREESTREAM CARS LIMITED|publisher=Global Database|access-date=17 May 2022}} In February 2006, Freestream announced a concept car, the Freestream T1.{{cite web|url=https://www.carbodydesign.com/archive/2006/02/07-freestream-t1/|title=Freestream T1|publisher=Car Body Design|date=7 February 2006|access-date=17 May 2022}}{{cite web|url=https://www.topgear.com/car-news/freestream-t1-news-brits-build-f1-style-supercar-2006|title=Freestream T1 news - Brits build F1-style supercar|publisher=Top Gear|date=7 February 2006|access-date=17 May 2022}} In March 2006, the company was acquired by Caparo. The deal was put together by future Commercial Director, Sean Butcher.{{cite web|url=https://www.just-auto.com/news/uk-caparo-creates-advanced-vehicle-technology-group/|title=UK Caparo creates advanced vehicle technology group|publisher=Just Auto|date=15 March 2006|access-date=17 May 2022}}{{cite news|url=https://luxurylaunches.com/transport/caparo_freestream_t1_the_street_legal_f1_car.php|title=Caparo Freestream T1 – The Street Legal F1 Car
|newspaper=Luxurylaunches
|publisher=Luxury Launches|date=23 May 2006|access-date=17 May 2022
|last1=Shah
|first1=Dhiram
}} After the acquisition, Caparo CEO Angad Paul became chairman.{{cite web|url=https://www.testdriven.co.uk/caparo-buys-freestream-t1-consultancy/|title=Caparo buys Freestream T1 consultancy|publisher=Test Driven|date=13 March 2006|access-date=17 May 2022}}
Vehicles
{{Hatnote|Main article about the Caparo T1}}
Caparo Vehicle Technologies produced one vehicle, the Caparo T1. The T1 is a two-seat, rear wheel drive automobile inspired by Formula 1 racecars.{{cite web |url=http://auto.howstuffworks.com/caparo.htm |title=Howstuffworks "How the Caparo T1 Works" |access-date=2007-06-10 |first=Ed |last=Grabianowski |date=17 April 2007 |publisher=Howstuffworks }}{{Cite journal |last=Green |first=Simon |date=January 2008 |title=Caparo T1 |url= |journal=Motor |pages=32–34}} The company sold the racecar for $300,000,{{Cite journal |last=Brown |first=Joe |date=October 2006 |title=Go, Street Racer, Go |url= |journal=Popular Science |volume=269 |issue=4 |pages=21}} and had confirmed purchases for 15 cars by 2012.{{cite web|url=https://www.roadandtrack.com/new-cars/news/a27359/caparo-ceo-angad-paul-dead/|title=CEO of Caparo T1 Project Found Dead in Suspected Suicide|publisher=Road & Track|date=16 November 2015|access-date=17 May 2022}}
Administration and closure
The company entered administration in 2015 just days after the death of Caparo CEO, Angad Paul.{{cite web|url=https://www.motorauthority.com/news/1100885_caparo-parent-company-enters-administration-chairman-dies-in-apparent-suicide|title=caparo parent company enters administration chairman dies in apparent suicide|publisher=Motor Authority|date=11 November 2015|access-date=17 May 2022}}{{cite web|url=https://www.independent.co.uk/news/uk/home-news/steel-company-boss-angad-paul-suicide-jumped-to-death-depressed-over-firm-s-collapse-a7005676.html|title=Angad Paul: Steel company boss jumped to death from penthouse balcony 'after becoming depressed over firm's collapse'|work=The Independent|date=28 April 2016|access-date=17 May 2022}}{{cite web|url=https://www.pwc.co.uk/services/business-restructuring/administrations/caparo-industries-plc/creditors/caparo-vehicle-technologies-ltd.html|title=Caparo Vehicle Technologies Limited in Administration|publisher=PWC|access-date=17 May 2022}} The company was liquidated and fully dissolved by 2019.{{cite web|url=https://find-and-update.company-information.service.gov.uk/company/05755850/filing-history|title=Caparo Vehicle Technologies Limited Filing History|publisher=Companies House|access-date=17 May 2022}}
See also
References
{{reflist}}
External links
- [https://web.archive.org/web/20071101070958/http://www.caparo-vt.com/ Caparo Vehicle Technologies official web site]
{{Automotive industry in the United Kingdom}}
Category:Automotive companies of the United Kingdom
{{motorvehicle-company-stub}}
Category:Sports car manufacturers
Category:2004_establishments_in_England
Category:2019_disestablishments_in_England
Category:British_companies_established_in_2004
Category:Vehicle_manufacturing_companies_disestablished_in_2019