LONDON, England - Caterham Cars has lifted the covers off its AeroSeven Concept ahead of its world debut at the Singapore Grand Prix.It's a love child of the entire Caterham Group; the first model designed with significant input from all specialist business arms. The concept car showcases the brand’s product engineering processes, speed to market and future styling. It also hints at the new sports car being developed in conjunction with Renault, set for early 2016.AeroSeven image galleryThere’s a new engine management system that will allow the AeroSeven Concept to be the first Caterham to be fitted with traction control. It will allow drivers to enjoy fully-adjustable traction and launch control.The carbon-fibre bodied AeroSeven is an updated version of the Seven CSR platform. It will reach the 100km/h mark in less than four seconds and will initially run with a non-turbo, EU6-approved, 170kW two-litre engine driving through Caterham’s six-speed manual gearbox and the rear wheels. The engine – which also powers the European-homologated Caterham Seven 485 – is one of the world’s highest-revving EU6 engines.Watch the AeroSeven videoRace car-inspired features include aerodynamic styling, an exclusive steering wheel with driver-focussed functionality and a graphic display unit. The latter displays engine speed, gear selection, vehicle speed, traction and brake settings, fuel and oil levels and temperatures.Caterham Cars MD Graham Macdonald said: “Over coming years we will expand our range of sports cars as we meet the various needs and desires of potential customers – from the lifestyle buyer to the ultimate thrill-seeker. The AeroSeven Concept is the first model in that journey.”Much of the design input of the two-seater came from the Caterham F1 team to balance function and increase downforce. The car has Avon CR500 tyres and an independent rear and F1-style pushrod front suspension – new shock-absorbers, springs and anti-roll bars. The steering wheel incorporates ‘Road’ mode, ‘Flash-to-Pass’ and ‘Pit Lane Speed Limiter’ functions.The production models will be built at the Caterham Cars factory in the UK and will go on sale during the third quarter of 2014.