Heikki Kovalainen is looking for Caterham to move into the midfield, according to his new management company.

Having handled his own career in the wake of Flavio Briatore’s demise, Finn Kovalainen recently signed up with IMG, the sports and entertainment management giant.

The 30-year-old has rebuilt his reputation since 2010 in the wake of mixed tenures for top teams Renault and McLaren.

According to IMG Motorsport’s head of clients Martin Anayi, Kovalainen is now regarded by formula one team bosses up and down pitlane as among the top best drivers.

“He is a great guy,” Anayi is quoted by Finland’s Turun Sanomat newspaper.

“Heikki’s potential is obvious and he definitely wants to succeed.”

There have been rumblings in the paddock that Kovalainen is disappointed that, despite being consistently the best of F1′s new teams since 2010, Caterham is yet to break into the midfield.

“This is only the team’s third season, so there are still some growing paints,” IMG’s Anayi acknowledged.

“Heikki has a strong desire to compete, and not just with his teammate Vitaly Petrov. The team’s boss Tony Fernandes wants to get in with the middle group.

“This means that the team needs to regularly get into the Q2 stage of qualifying and in the race be aiming for the points,” he insisted.

Heikki Kovalainen has admitted some disappointment about Caterham’s progress in 2012.

In its third season of formula one, and despite being clearly more impressive than its direct rivals Marussia and HRT, the Tony Fernandes-led team intended to take a step forwards this year.

Caterham took some upgrades to the Mugello test last week, but according to Finnish sources Turun Sanomat and MTV3, not all of them worked.

“The car has a pretty good balance, but the lap times are not good enough,” Finnish driver Kovalainen is quoted as saying.

“It’s good to drive but it’s just too slow,” he insisted.

“We did not get all the updates to work as we had hoped, so in Spain we have only some things that are new,” added Kovalainen.

The team is yet to score a point.

Tony Fernandes has admitted he would have liked corporate Malaysia to have backed his formula one team.

The Malaysian entrepreneur founded a UK based start-up team in 2010, calling it Team Lotus before a bitter spat developed with the Lotus name’s owner Proton.

“While I was building a formula one team, I was being sued by my own countrymen,” he told The Star newspaper.

“We’re the only true formula one team developed in Malaysia.”

Now called Caterham, the team’s only Malaysian sponsorship is from AirAsia — Fernandes’ own low-cost airline.

“Never mind that we were not sponsored (by Malaysia), that’s a company’s prerogative,” he said. “But, we were sued.”

Some have accused Caterham of not having progressed much since 2010, but Fernandes strongly disagrees.

“Two years ago we had nothing. We’re now 1.5 seconds away from Red Bull who are the world champions. We’re closing the gap.

“You can’t build Rome in a day,” he insisted.

Tony Fernandes has given a strident defence of his formula one team, Caterham.

The former Team Lotus outfit, headed by the cheery Malaysian entrepreneur Fernandes, entered its third season with high hopes it was set to join the midfield mix.

Instead, the green cars – whilst still the cream of the backmarker group – are still better only than fellow stragglers Marussia and HRT.

The Finnish broadcaster MTV3′s well-known analyst Mika Salo has advised lead driver Heikki Kovalainen to therefore quit Caterham at the end of 2012.

“Something has been wrong with the car,” Kovalainen is quoted as saying by Turun Sanomat newspaper this week. “We need to see what is not right.”

Fernandes, meanwhile, is looking fervently on the bright side, insisting Caterham has done markedly better than F1′s other 2010 start-ups.

“We are competitive,” he told the Sun, reminding that Caterham was the last 2010 team given its official entry by the FIA a few years ago.

“We’ve blown away Marussia and HRT when in actual fact they have been there six months longer,” insisted Fernandes.

“We are half a second away from the established midfield … you must remember that this team is only two years old.

“When I started, we were nine seconds away from the front. Last year we were about four seconds away from Red Bull.

“This year, on certain laps, we lapped at the same pace as them. So I am very happy and I am strengthening the team all the time,” he added.

But one of Caterham’s direct rivals, HRT, is looking to make a major step forwards this weekend in China, having struggled recently in the wake of team supremo Colin Kolles’ departure.

“We come into this grand prix having had much more time to prepare the cars,” Pedro de la Rosa is quoted by the Spanish news agency EFE.

“We will bring small improvements to China but what we really need is the cars back in Europe and then the team can concentrate at the (new headquarters) Caja Magica.

“Step by step we will improve,” said the Spanish driver.

 Caterham’s hopes of pushing into the midfield in 2012 are not dead yet.
That is the claim of team owner and boss Tony Fernandes, despite the former Team Lotus looking to have once again emulated the pecking-order of the past two years by outpacing only Marussia and HRT in Australia.

“We have obviously improved our pace relative to our 2011 speed,” the Malaysian businessman said.

“But the teams ahead have also improved, so even though we are closer than this time last year we still have work to do to bridge the gap in qualifying,” he added.

Fernandes insists, however, that the race pace shown by Heikki Kovalainen and Vitaly Petrov in Melbourne last weekend was “on a par” with some other teams.

Former F1 driver and Finnish commentator Mika Salo, however, is not impressed.

“The Caterham car is neither fast nor reliable,” he told MTV3.

 Caterham’s team boss insists Vitaly Petrov is just as good as the experienced grand prix winner he replaced.
Just ahead of the 2012 season, Malaysian entrepreneur Tony Fernandes decided to oust former Monaco grand prix winner Jarno Trulli with Russian Petrov, the well-sponsored Russian and former Renault driver.

“I think he (Petrov) is as good a driver as Trulli, but he obviously brings a Russian commercial element,” Fernandes told the US cable news channel CNN.

“It gives us the ability to exploit commercial opportunities in Russia. We’ve watched Petrov very closely. He brings in sponsorship. He’s competent enough to be a second driver,” he added.

Fernandes, who also heads the Malaysian airline AirAsia and the English premier league club Queens Park Rangers, said Caterham is once again targeting tenth place in the constructors’ championship for 2012.

“We want to get into the midfield,” he confirmed. “We said it’s going to take us two years, we want to be tenth then we want to be racing.

“And looking at the times right now, we’re there or thereabouts. Maybe half a second, a second away from the midfield pack.”

 Two formula one journalists are on the board of the Caterham Group, the parent company of the Tony Fernandes-led team.
Team boss Fernandes announced the formation of the Group at the Brazilian grand prix on 27 November last year.

UK Companies House records show that Joe Saward and David Tremayne were appointed as directors just nine days later.

In the company filing, Briton Saward’s occupation is listed as “journalist/consultant”.

“The nature of Saward and Tremayne’s roles in Caterham are as yet unknown, but one would assume Joe will announce something on his popular F1 blog during the next few days,” Steve Davies, of the skiddmark.com website, said.

Vitaly Petrov could stay at the Caterham team beyond 2012, the Russian’s manager said on Friday.
Earlier, the former Lotus outfit announced that Petrov, ousted by Lotus (Renault) at the end of last season, is replacing Italian veteran Jarno Trulli with immediate effect.

On the face of it, the deal is not a good look for Petrov, having displaced one of F1′s most experienced drivers – and a grand prix winner – on the back of his sponsors’ purse.

Moreover, it also means there is no Italian on the F1 grid for the first time in decades.

“Vitaly is thinking about his place in formula one, and the rest is a question to the team,” insisted Petrov’s manager Oksana Kosachenko.

Team boss Tony Fernandes hinted in Caterham’s media statement on Friday that the Petrov deal is indeed fueled by the world’s economic situation.

So does that mean he is a ‘pay-driver’, and Heikki Kovalainen the clear number one?

“As far as I know,” Kosachenko said, “we’re having absolutely equal status.”

She revealed that the initial contract is for one year only, but that could change.

“At the moment we’re discussing that,” Kosachenko is quoted by the Ria Novosti news agency.

Earlier, she admitted that Bernie Ecclestone – perhaps because he is scheduling an inaugural Russian grand prix for 2014 – was trying to help Petrov find a seat this season.

“He was talking to me, he was trying to assist,” Kosachenko said on Friday, insisting that the eventual contract was “absolutely an internal deal” between Petrov and Caterham.

“No one else involved,” she clarified.

 Caterham on Friday finally confirmed speculation that Vitaly Petrov will replace Jarno Trulli in 2012.
It has been rumoured Petrov, the Russian driver ousted by Lotus (formerly Renault) after two seasons, was waiting on his sponsors to decide whether or not to pay out veteran Trulli’s contract.

37-year-old Italian Trulli, permanently in F1 since 1997 and the 2004 Monaco grand prix winner, said mere days ago that he expected to race this season.

He tested Caterham’s 2012 car at Jerez last week.

“It was not an easy decision to bring Vitaly in to replace Jarno, but it was one we made to ensure that we give fresh impetus across the whole team and with a realistic eye on the global economic market,” said team boss Tony Fernandes.

The Malaysian businessman said an “agreement” was reached with Trulli to end his contract, “but he will always be part of our family”.

“I understand the decision the team has made and I want to wish to the whole team the very best of luck for the season ahead,” said the former Minardi, Prost, Jordan, Renault and Toyota driver.

Petrov, 27, had a seat fitting at Caterham’s Hingham factory on Friday and will test the car in Barcelona next week.

Mike Gascoyne has handed over day-to-day control of the Caterham team’s technical operations.
The former Lotus outfit announced that Briton Gascoyne – a founding member of the Tony Fernandes-led team and a long-term prominent figure in the paddock – has become chief technical officer of the whole Caterham Group.

That group now involves a GP2 team as well as the niche Caterham road car company, which was acquired by Malaysian millionaire Fernandes last year to solve the Lotus naming dispute.

The news means Mark Smith will “lead the F1 team’s technical division day to day and will increase his presence at races”, a media statement read.

Caterham said Gascoyne, formerly with Renault and Toyota, “will continue to attend races”, “adding his wealth of experience and knowledge to the team when it is required.”

Gascoyne clarified on Twitter that he will be at “most” grands prix.

“Mark Smith is exactly the right person to step up to the broader role he will now be taking on in the F1 team,” the statement quoted him as saying.

Toro Rosso counts Caterham – the 2010 start-up team that has failed to score a single point since inception – among its close rivals for 2012.
Last season, the Red Bull-owned rookie team Toro Rosso finished the championship in eighth place with 41 points, well clear of Williams and behind Sauber and Force India.

“Our direct competitors are Sauber, Force India and Caterham,” the Faenza based team’s boss Franz Tost is quoted by autohebdo.fr.

Formerly Lotus, the Tony Fernandes-led Caterham team has been the best of the new 2010 teams including Marussia (nee Virgin) and HRT.

“Caterham has managed to build a good infrastructure,” Tost is quoted as saying.

“They have the Renault engine and a KERS from Red Bull and it means their package is good.

“They have two experienced drivers and I expect they will become our rivals.

“Our goal is to take seventh place in the championship — we must do better than last year,” added Tost.

 Tony Fernandes has admitted he is no admirer of formula one’s kinetic energy recovery systems, otherwise known as KERS.
Since 2009, the systems have re-used heating energy collected under braking in the form of a power ‘boost’ controlled via a button in the drivers’ cockpit.

From 2012, the Caterham drivers will enjoy the boost for the first time, with the system supplied by the team’s gearbox and hydraulics supplier Red Bull.

But team boss Fernandes is no admirer.

Referring to the high costs involved in running a F1 team, the Malaysian said: “There is still too much money spent, and above all too much in the wrong places.

“We used to talk about a million euros rent for using KERS, but now we are talking about three to five million,” he is quoted by Germany’s Auto Motor und Sport.

“For what? Our (F1′s) KERS contributes nothing to the environment.”

Team Lotus will retain its green and yellow identity in formula one next year despite being reborn as Caterham.
Group Lotus and the Tony Fernandes-led team jointly announced on Wednesday that the bitter naming dispute and legal battles have been called off.

The deal, ending amicably according to a media statement, results in Renault becoming Lotus in 2012 and Team Lotus adopting the name of Fernandes’ recent acquisition Caterham, a niche British lightweight sports car maker.

It means full control of the historic Lotus name finally falls into the control of Dany Bahar, the Group Lotus chief.

“We understand that this has been a very difficult and confusing time for the fans of the sport and the Lotus brand,” he said.

In 2010 and 2011, under the Lotus Racing and Team Lotus names, Fernandes’ team has run in the historic green and yellow colours of the fabled brand.

“We are proud of what we have achieved by bringing the Team Lotus name back to formula one when many tried,” said the team’s chief executive Riad Asmat.

“Although we are sad to say goodbye to Team Lotus we are excited about owning our own future and being in control of our own destiny. Now we have no one to be compared to.

“We make our own history and we will remain green and yellow,” he announced.

He may not race in his native India this weekend, but Karun Chandhok could have a future with Team Lotus, boss Tony Fernandes said on Tuesday.
Earlier, the Malaysian businessman had to announce that, to his emotional disappointment, he must stick with the team’s regular lineup of Heikki Kovalainen alongside Jarno Trulli.

Fernandes had openly contemplated putting Chandhok on the Delhi grid, but ultimately decided that Team Lotus must safeguard its lucrative tenth place in the constructors’ championship.

“We had to make the best decision for the future of the team,” he said.

“While this is obviously not the decision Karun wanted us to take he understands that we have to take the long-term view and do so in the best interests of the team.”

Fernandes hinted that Chandhok, who replaced Italian Trulli for a one-off race at the Nurburgring earlier this season, may get his chance in the future.

“He understands that his relationship with our team is not about just one race, it is about growing together.

“While this is an historic event, there will be many opportunities to race in India in the future, and he is in the best possible place with us to take advantage of those chances in seasons to come,” added Fernandes.

And he said on Twitter: “If we don’t have the right finances there won’t be a team, and that includes Karun.”

Chandhok, who will nonetheless practice on Friday morning, admitted he is “obviously disappointed” he won’t be racing in front of his home crowd.

“I understand that this isn’t about me, it’s about the team and everything the 254 people on track and back at the factory are doing to build for the future,” said the 27-year-old.