CATERHAM

  • Formula One: Caterham hopeful buyer will come through November 25, 2014

    Caterham are talking to a potential buyer who could put the stricken Formula One team back in business within weeks, according to administrator Finbarr O'Connell. "The big elephant in the room is always the buyer, but I am honestly talking to somebody who would like to take this over within the...
  • Will Stevens to make F1 debut for Caterham in Abu Dhabi November 20, 2014

    Abu Dhabi: Briton's Will Stevens will make his Formula One debut when he races alongside Japanese driver Kamui Kobayashi for Caterham at this weekend's Abu Dhabi season-ending grand prix, the team said on Thursday. Stevens, 23, who has raced this year in the World Series by Renault 3.5 championship, was previously...
  • Caterham F1 team thanks contributors for return to grid November 20, 2014

    Oxfordshire: Financially troubled Caterham Formula 1 Team, currently under administration but back in the grid for the Abu Dhabi Grand Prix after raising 1.8million pounds from crowdfunding, has thanked all contributors for their assistance in a statement on Thursday. The team went into administration in October. They were last on the...
  • Caterham to race in Abu Dhabi after crowdfunding November 15, 2014

    Formula One team Caterham will compete in the season-ending Abu Dhabi Grand Prix next week after a successful crowdfunding campaign. Caterham, who have been taken over by insolvency specialists while they seek a new buyer, have missed the last two races in the United States and Brazil. Caterham administrator Finbarr O'Connell said...
  • F1 not interested in young fans, says Bernie Ecclestone November 14, 2014

    Formula One would rather cater for rich over-70s than chase a younger generation that cannot afford luxury watches and is more interested in social media, according to commercial supremo Bernie Ecclestone. In a wide-ranging interview with Campaign Asia-Pacific magazine (campaignasia.com), the 84-year-old Briton said teenagers were uninterested in the sort of...
  • Marcus Ericsson leaves financially troubled Caterham November 14, 2014

    London: Swedish driver Marcus Ericsson says he has terminated his contract with financially stricken Formula One team Caterham with immediate effect, ahead of his move to Sauber. Caterham missed the last two grands prix, in the United States and Brazil, after being taken over by insolvency specialists last month as they...
  • Marussia fold while Caterham appeal to fans November 8, 2014

    Caterham urged Formula One fans to dip into their pockets for funds to keep the stricken team on the road on Friday while rivals Marussia went out of business after the agony of administration. One a day of domination by Mercedes title rivals Nico Rosberg and Lewis Hamilton in Brazilian Grand...
  • Money talks louder than ever in Formula One November 3, 2014

    Money has always talked in Formula One but now, with Caterham and Marussia in administration and only nine teams in Sunday's US Grand Prix, the talk is increasingly about money itself. The cost of competing in Formula One has become the hot topic and, with no sign of agreement on how...
  • Bernie Ecclestone warns of 14 cars on cash-strapped F1 grid November 1, 2014

    Formula One's commercial ringmaster Bernie Ecclestone warned that the sport's financial crisis could reduce the grid to 14 cars in 2015. After the withdrawal of both the Caterham and Marussia teams for this weekend's United States Grand Prix, the grid for tomorrow's 56-lap race at the Circuit of the Americas has...
  • F1 teams play down talk of US Grand Prix boycott November 1, 2014

    Formula One's struggling teams played down talk of a possible boycott of Sunday's US Grand Prix as argument over division of the sport's revenues grew more heated on Friday. With the indebted Marussia and Caterham teams in administration and absent from Austin, there was speculation that others could refuse to race...
  • Caterham F1 team have two weeks to find a buyer November 1, 2014

    The Caterham Formula One team may have to be wound up if a buyer does not emerge in the next two weeks, an administrator said on Friday. "We're continuing our efforts to try and find a buyer for the team, bearing in mind the workforce are the lifeblood of the team,"...
  • Formula One tweaks qualifying due to fewer cars October 31, 2014

    Texas: Formula One has had to modify its qualifying format after financial problems ruled the Caterham and Marussia teams out of Sunday's US Grand Prix while Red Bull's Sebastian Vettel is set to be sidelined by an engine penalty. Stewards said in a statement on Thursday that the slowest four cars...
  • More F1 teams could go bust, warns Mosley October 28, 2014

    More Formula One teams could follow Caterham and Marussia into administration or failure, the former head of the sport's governing body Max Mosley warned on Monday. This week's US Grand Prix in Austin, Texas will have just nine teams on the track, the lowest number since 2005, and Mosley feared...
  • Formula One's chickens come home to roost October 27, 2014

    Talk of financial crisis in Formula One is nothing new but the absence of back-markers Caterham and Marussia from this week's US Grand Prix after they went into administration has concentrated minds. For the first time since 2005, there will be only nine teams in the paddock and some of them...
  • Marussia follow Caterham into administration October 27, 2014

    The Marussia Formula One team have followed rivals Caterham into administration, administrators FRP advisory said in a statement on Monday. Neither team will be competing in this week's US Grand Prix in Austin, Texas, leaving just nine teams and 18 cars on the starting grid. "With the existing shareholder unable to provide...
  • Caterham and Marussia to miss next races: Ecclestone October 25, 2014

    The struggling Caterham and Marussia Formula One teams will both miss next week's US Grand Prix in Austin, Texas, the sport's commercial supremo Bernie Ecclestone told Reuters on Saturday. "Neither of those two teams are going to go to America," said the 83-year-old. Caterham went into administration on Friday while Russian-registered Marussia...
  • Caterham F1 team set to miss next two races October 25, 2014

    Caterham have been told they can miss the next two Formula One grands prix while seeking a buyer after the team went into administration on Friday. Formula One's commercial supremo Bernie Ecclestone told Reuters "it would be OK" for the team to sit out next week's US race, and Brazil the...
  • Caterham F1 factory closed, team's fate in the balance October 23, 2014

    London: Caterham Formula One employees found their factory closed on Thursday but a legal administrator overseeing the property held out hope that the struggling team might still survive. Finbarr O'Connell told Reuters various parties had approached him to express interest either in the assets or keeping Caterham racing as an F1...
  • Caterham F1 team faces battle over cars October 22, 2014

    London: The future of the struggling Caterham Formula One team was thrown into further doubt on Tuesday when an administrator laid claim to their race cars and warned they could not leave the factory without his agreement. Team sources disputed that, however, and said they should not be affected by legal...
  • Formula One strugglers still targeting 2015 participation September 20, 2014

    As speculation grows about the imminent exit of three struggling teams from Formula One, two of the underpressure outfits have said they intend to still be in the sport in 2015. Sauber, Caterham and Marussia are struggling both on and off the track in the vastly expensive sport, with many predicting...
  • Caterham's Marcus Ericsson looking for a long run in formula one September 16, 2014

    Marcus Ericsson has had a tough debut season in Formula One, with his Caterham team struggling on and off the track, but Sweden's first grand prix driver in 23 years believes he has a future in the sport. The 24yearold certainly has plenty of home fans hoping that will be the...
  • Christijan Albers resigns as Caterham F1 principal September 7, 2014

    Christijan Albers resigned on Sunday as principal of the struggling Caterham Formula One team with Italian Manfredi Ravetto taking his place. The Dutch former F1 driver, who took over in July when Malaysian aviation entrepreneur Tony Fernandes sold the team, was quoted by Caterham after the Italian Grand Prix as saying...
  • Kamui Kobayashi back for Monza but future uncertain September 5, 2014

    Japanese driver Kamui Kobayashi was in Tokyo when he received a call on Wednesday telling him he would be racing for Caterham in Sunday's Italian Grand Prix. Fighting off the fatigue after hurriedly packing his bags and getting on a plane, Kobayashi told reporters on Thursday he was glad to be...
  • F1 team Caterham sold to Kollesled group July 2, 2014

    Leafield: Formula One team Caterham has been sold to a group of Swiss and Middle Eastern investors led by former HRT team boss Colin Kolles. The team announced the sale on Wednesday with immediate effect, meaning Caterham will be under new ownership and management for this weekend's British Grand Prix. Former F1...
  • Speculation swirls around Tony Fernandes' Caterham team June 28, 2014

    Caterham owner Tony Fernandes triggered speculation about the future of his tailend Formula One outfit on Friday after declaring "F1 hasn't worked" on Twitter before closing his account. The team have not scored a point in various guises since entering the sport in 2010 and the Malaysian said in January that...
  • Caterham not for sale, says Tony Fernandes May 28, 2014

    Caterham owner Tony Fernandes denied on Tuesday that his group of companies, which includes the struggling Formula One team, was up for sale but said it was seeking new investment. Reports in Malaysia at the weekend had said the AirAsia budget airline boss was seeking to sell the Britishbased team and...
  • Caterham pull out of Formula one test after Kobayashi crash May 14, 2014

    Caterham pulled out of Formula One testing in Barcelona on Wednesday because their car was too badly damaged after Kamui Kobayashi crashed on the opening day. The Japanese smashed into the barriers in the final half hour of testing at the Circuit de Catalunya on Tuesday and the Malaysianowned team said...
  • Technical director Mark Smith leaves Caterham F1 May 10, 2014

    Caterham have parted company with technical director Mark Smith and replaced him with a committee, the Formula One team said on Saturday. The Malaysianowned team, who have struggled to make any impression this season and are last in the standings after four races, said in a statement that Smith had left...
  • Ecclestone says F1 has agreed to two new teams April 6, 2014

    Manama: Formula One has agreed to accept two new teams, including a U.S. entry proposed by NASCAR team owner Gene Haas, commercial supremo Bernie Ecclestone said on Sunday. "They will be accepted," the Briton told reporters at the Bahrain Grand Prix when asked about Haas's application. "We've also accepted another team...
  • Most of Melbourne problems are resolved, says Renault March 25, 2014

    Most of the engine problems suffered by Renault-powered cars at the season-opening Australian Formula One Grand Prix have been resolved, the manufacturer said on Tuesday ahead of this weekend's race in Malaysia. Renault supplies world champions Red Bull, their sister team Toro Rosso, Lotus and Caterham with the new V6...