Caterham unveiled their CT03 on Tuesday morning in the pit lane in Jerez, with new drivers Charles Pic and Giedo van der Garde.
“The team has produced a car that is an evolution of the 2012 car, building on that platform to give us a chance of continuing to make progress towards the teams ahead, whilst also dedicating enough resource to start work as early as possible on the 2014 car,” said Fernandes.
“For me this is going to be the story of the 2013 season – every team wants to be as competitive as possible this year, but with such fundamental rule changes next year resources and budgets dictate that there will have to be a cut-off point in the development of the current season cars so focus can be switched to 2014. We will bring updates to the car after several races and I am happy that the plan we have for 2013 will give us the chance to fight this year, but, importantly, will allow us to take full advantage of the new rules in 2014″.
“I am realistic enough to know that we still have a long journey ahead of us, but the dream is steadily coming true. We have invested in the long-term, not taken any short-cuts and we have everything in place to keep moving forwards.”
Caterham finished tenth in the 2012 championship and have yet to score a point in their three year history.