Caterham Cars
In November 2012, Renault and Caterham Cars announced the purchasing by the latter of a 50% stake in the Renault's wholly owned subsidiary Société des Automobiles Alpine to create a joint venture (Société des Automobiles Alpine Caterham or SAAC) owned equally by both parts, with the aim of developing affordable sport cars under the Alpine (for Renault) and Caterham (for Caterham Cars) brands, which would be available in 2016. In this partnership, Caterham acquired 50% ownership of the Renault's Dieppe assembly plant assets. On 10 June 2014, Renault announced it would be repurchasing the stake from Caterham Cars in SAAC, renaming it Société des Automobiles Alpine. During 2015, two new Alpine concepts were introduced: the Alpine Celebration, unveiled at the Le Mans race weekend, and the CGI-created Alpine Vision Gran Turismo. In February 2016, at an event held in Monte Carlo, Groupe Renault's chief Carlos Ghosn unveiled the Alpine Vision showcar (a model close to the planned production Alpine) and announced a 2017 relaunch for the Alpine marque. The Vision was later presented at the 86th Geneva Motor Show by Alpine.