Tag Archive: Caterham

Oct 31

FIA to tackle cost problem after team failures

With Caterham and Marussia in the throes of failure, the governing FIA has admitted it is concerned about the financial situation in F1.

2014-06-04_0030 It is believed the next most endangered team on the grid is the Swiss privateer Sauber, whose boss and co-owner Monisha Kaltenborn sounded furious as she spoke to media on Thursday. Read the rest of this entry »

Oct 31

Grosjean reveals Lotus exit clause

Romain Grosjean has revealed an exit clause will allow him to walk away from Lotus at the end of the season.

2014-07-25 - Lotus F1 Team - Hungary - Romain Grosjean 03 Insiders believe the Frenchman, obviously frustrated by the Enstone team’s struggles in 2014, is waiting for the Fernando Alonso situation to clear before re-committing to Lotus for another season. Read the rest of this entry »

Oct 31

Caterham’s Ericsson set for Sauber switch

Marcus Ericsson looks set to keep his formula one career alive by signing with Sauber for 2015.

2014-06-08_0560 Said to carry some $18 million in personal sponsorship, the Swedish rookie is trackside in Austin this weekend despite the absence of his failing existing team, Caterham. Read the rest of this entry »

Oct 31

Forza Rossa still waiting for FIA approval

Forza Rossa, a Romanian project targeting a debut in formula one, has played down reports it has already been granted an entry by the FIA.

Forza Rossa - photo Getty Images Reports this week suggested that with Caterham now close to collapse, advisor Colin Kolles is set to return his immediate attention to Forza Rossa. Read the rest of this entry »

Oct 30

Stewards to rule on Austin qualifying tweak – report

F1 is heading awkwardly into the US grand prix weekend, following the collapse of the two backmarkers Caterham and Marussia.

Austin - Texas The sport has always had a dubious relationship with America, although Austin’s inaugural races in 2012 and last year were proclaimed definite successes, featuring big crowds and the exciting Circuit of the Americas layout. Read the rest of this entry »

Oct 30

Forza Rossa project still alive after Caterham collapse

With Caterham now in administration, the backmarker’s former management may be returning its focus to the Forza Rossa project.

Forza Rossa - photo Getty Images Before the mysterious investment group bought Caterham from Tony Fernandes earlier this year, Colin Kolles was deeply involved in trying to get a Romanian project called ‘Forza Rossa’ up and running with FIA approval. Read the rest of this entry »

Oct 29

Austin says Vettel qualifying absence ‘unfortunate’

Organisers of the US grand prix say world champion Sebastian Vettel’s absence from qualifying this weekend is “unfortunate”.

Austin cowboy booths The Red Bull driver will sit out Saturday’s decisive session and start the Austin race from the pitlane, as he takes a penalty for using an unscheduled sixth engine of the 2014 season. Read the rest of this entry »

Oct 29

Collapsing F1 teams ‘made mistakes’ – Haas

As F1’s two backmarker teams collapse, 2016 newcomer Haas’ plans continue to take shape.

Haas F1 Team The teams that were ultimately known as Caterham, Marussia and HRT are all now gone, but Nascar team co-owner Gene Haas is determined not to make the same mistakes as his North Carolina based Haas F1 Team takes its next bold steps. Read the rest of this entry »

Oct 28

Force India avoids joining backmarkers on US bench – report

Force India has avoided becoming the next formula one team to drop out of this weekend’s US grand prix.

2014-06-07_0910 Now in administration, backmarkers Caterham and Marussia will miss not only Austin but also the penultimate round of the 2014 world championship a week later in Brazil. Read the rest of this entry »

Oct 28

Ericsson in talks with three teams about 2015 – manager

Marcus Ericsson’s manager says he is in talks with three alternative teams after Caterham ran off track.

2014-06-05_0049 With the Leafield based team in administration and set to miss the forthcoming Austin-Brazil double header, Swedish rookie Ericsson’s teammate Kamui Kobayashi admitted he is not sure the green team will be back in action for the Abu Dhabi finale next month. Read the rest of this entry »

Oct 27

Now Marussia enters administration

Marussia is now being managed by administrators.

2014-03-16 - Marussia F1 Team - Australia Just days after Caterham’s management accepted the same fate, UK insolvency experts FRP Advisory have taken over Manor Grand Prix Racing Limited, which in F1 is known as Marussia. Read the rest of this entry »

Oct 27

F1 set for three-car teams as more risk collapse

F1 risks sliding into crisis and having to reinvent its very DNA as struggling backmarker teams begin to succumb to collapse.

2014-06-08_0747 HRT folded in 2012, and now F1’s two other newest teams Caterham and Marussia are in the throes of financial administration. Organisers of next weekend’s US grand prix look set to welcome just 9 teams to an 18-car grid, unprecedented since BAR-Honda was banned for a time almost a decade ago.
Read the rest of this entry »

Oct 27

Brothers look to save troubled Marussia – report

Marussia is not commenting on claims it will sit out the next races and is on the verge of being put into the hands of administrators.

2014-06-05_0104 Amid Caterham’s well-documented troubles, Bernie Ecclestone revealed that Marussia will also sit out the Austin-Brazil double header. And F1 business journalist Christian Sylt claims the team has notified the High Court that it also intends to go into administration. Read the rest of this entry »

Oct 26

Marussia to join Caterham in administration – report

Marussia looks set to join Caterham in entering administration, the Daily Mail reports on Sunday.

Marussia 17 - photo © DPPI - Éric Vargiolu After Bernie Ecclestone said he will allow the struggling backmarkers to sit out the next Austin-Brazil double header, F1 business journalist Christian Sylt now reveals Marussia’s operating company has “filed a notice with the High Court saying that it intends to appoint an administrator”. Read the rest of this entry »

Oct 25

Marussia also won’t race in America – Ecclestone

Marussia will join fellow F1 straggler Caterham in not racing in Austin next weekend, Bernie Ecclestone has announced.

2014-03-30 - Sahara Force India F1 Team - Malaysia -Sergio Perez - Teams The news follows the sport’s chief executive giving Caterham special dispensation to miss the US-Brazil double header as it enters administration. Read the rest of this entry »

Oct 24

Caterham can miss Austin-Brazil double header

Caterham is allowed to sit out the next two grands prix while it fights for survival.

2014-03-16 - Caterham F1 Team - Australia As administrators take charge at Leafield, where for the past days the gates have been locked to staff, Saturday’s equipment freight deadline for Austin and Brazil has loomed large. Read the rest of this entry »

Oct 24

Administrator becomes Caterham team boss

Two cars on the US GP grid next weekend

2014-06-08_0925The Caterham saga took another bizarre twist on Friday as an administrator became the new team principal.
Read the rest of this entry »

Oct 24

Marussia also in danger of missing US GP – reports

F1’s grid may have shrunk to just 18 cars by the time of the US grand prix next weekend.

2014-03-02_0061 - Marussia F1 Team - Bahrain - Max Chilton Caterham’s troubles – with administrators locking the green cars inside the Leafield factory amid an unseemly spat with former owner Tony Fernandes – are now well documented. Read the rest of this entry »

Oct 24

Kolles admits Caterham may miss Austin deadline

The clock is ticking down to struggling F1 backmarker Caterham’s apparent collapse.

2010-08-01 - Hispania F1 Racing Team - Colin Kolles 01 With the Saturday freight deadline for sending cars and equipment to Austin now just hours away, staff remain locked out of the Leafield factory while an unseemly spat continues to escalate between the team’s former and current owners. Read the rest of this entry »

Oct 23

Caterham staff locked out of Leafield factory

“They can’t get into the factory today”

2012-02-04 - Team Caterham 01 Caterham’s crisis went from bad to worse on Thursday, as team staff found themselves locked out of the Leafield factory. Read the rest of this entry »

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