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Despite press rumours to the contrary, Caterham Group is not for sale.

The reports circulating this weekend are factually incorrect, a press release issued Tuesday May 27 reads.

It is, however, true that the Group is actively searching for additional investment as it seeks to fulfil ambitious plans to develop.

The shareholders of the Group, co-Chairmen Tony Fernandes and Datuk Kamarudin Meranun, remain wholly committed to the Caterham brand.

“Caterham Group is not for sale. We love what we build and we are always looking for further investment,” said Tony Fernandes in a team press release.

“This is no different to how we started AirAsia. Yes, we are constantly challenging ourselves and making decisions on everything from the structure to projects within the Group. That is normal business. That does not mean we are selling,” he added.

It seems that since Red Bull's massive involvement at every level of the motorsport ladder, the average age of Formula 1 drivers has dropped significantly. Is that just an impression or is it a reality?

We at Auto123.com crunched the numbers and compared the average age of F1 drivers 30 years apart, comparing 1984 (when Niki Lauda clinched his third World Championship with McLaren) and today.

Jacques Laffite and Keke Rosberg, Williams, 1983 (Photo: WRI2)

Average age of drivers in 1984: 29 years old
Average age of drivers in 2014: 26 years and 7 months old
(a drop of less than 3 years)

Youngest drivers in 1984: Mike Thackwell and Corrado Fabi: 23 years old
Youngest driver in 2014: Danill Kvyat: 20 years old
(a difference of 3 years)

Oldest driver in 1984: Jacques Laffite: 39 years old
Oldest drivers in 2014: Kimi Raikkonen and Jenson Button: 34 years old
(a difference of 5 years)

Daniil Kvyat, Toro Rosso, 2014 (Photo WRI2)

In 1984, just four drivers were 24 years old or younger.
In 2014, eight drivers are 24 years old or younger.

In 1984, 35 drivers competed in the F1 World Championship. In 2014, there are only 22 drivers.

In conclusion, we expected that the average age would be much lower than what we see here. We believed that the modern F1 drivers were much younger than their colleagues of 1984, but it's not really the case. However, today's rookies do graduate to F1 at a much younger age.

Canada is probing two fatal crashes in General Motors vehicles which were subject to a recall to fix faulty switches and has received nine additional complaints from drivers, the country's top transportation official told Reuters on Monday.

A few days ago a 1968 Yenko Super Camaro with a 450-hp 427 cid L-72 V8 and just 1,340 miles on the clock sold at

Audi revealed the redesigned A7 and

Last week, the Hell Garage Demons

True story: When Mazda engineer Dave Coleman was 10 years old, he announced that he wanted to work at Mazda. See, at about that time, his dad bought a

We made our way to Carlisle, Penn., for the annual

WEST COAST EDITOR MARK VAUGHN: I got into this 2014 Lexus CT 200h after about a month of full-size pickups and SUVs, so it immediately felt right-sized.

Kobe Steel and Toyota Tsusho, aiming to tap growing demand for aluminum vehicles, are in talks to set up a joint venture to make the lightweight sheetmetal in the United States.

Germany's cartel office says it has launched a probe into Continental's planned takeover of U.S. rubber firm Veyance Technologies.

This is the beginning of what hopefully becomes a weekly feature here at Autoweek.com. Your job as the reader is to figure out what car we were reviewing when we wrote these lines way back in 2004.

Ford intends to compete with premium carmakers with high-end versions of its mass-market models in a bid to end years of losses in Europe, but the strategy is not without risk.

Mini boss Peter Schwarzenbauer's passion for the Superleggera Vision concept is deep. One look at the car and you'll understand why.

Caterham owner Tony Fernandes plans to sell the group's UK sports car unit and F1 team, a Malaysian newspaper reported.

Some future Minis may look nothing like the iconic model designed by Sir Alec Issigonis in 1959, but a lot like the Superleggera Vision concept.

The future of Mini may look nothing like the iconic model designed by Sir Alec Issigonis in 1959 but a lot like the Superleggera Vision roadster concept the BMW subsidiary showed off Sunday in Italy.

-- In 1995, Jacques Villeneuve won the 79th Indy 500 and went on to the CART Championship. Viewers who tuned into ABC and saw

Honda aims to bridge the gap between what dealers want and what the factory can build when it launches a new ordering system this week. It's the result of five years of software coding and deliberations among dealers, the factory and field staff.

General Motors asserted for a decade that unexpected stalling was not a safety defect, even as its competitors issued about 90 recalls for similar symptoms during the same period and federal safety regulators opened 42 investigations into stalling.