MARUSSIA

  • Marussia on Formula One entry list, Caterham gone 4 days ago

    Marussia's climb back from the brink of Formula One extinction gained momentum on Friday when they were included on the official 2015 entry list, subject to conditions. There was no such salvation for tail-end rivals Caterham, founded by Malaysian entrepreneur Tony Fernandes, who have failed to find a buyer and whose...
  • Marussia F1 creditors approve exit from administration February 20, 2015

    The former Marussia Formula One team moved a step closer to returning to the grand prix grid on Thursday after creditors approved a move allowing them to come out of administration. Administrators FRP Advisory LLP said in a statement that a Company Voluntary Arrangement had been agreed to allow control of...
  • Formula One: Williams supportive of Marussia comeback February 11, 2015

    Williams are supportive of Marussia's attempts to return to the Formula One grid and would have agreed to them starting the season with last year's car, deputy principal Claire Williams said on Wednesday. "We've been very clear on our position around Marussia and their entry: we want a full competitive line-up...
  • Marussia hope of competing in Formula One dented February 6, 2015

    London: Marussia's hope of competing in the Formula One championship using last year's car have been dented after the F1 Strategy Group failed to back the venture. Marussia missed the last three races of last season after going into administration, and are trying to secure a new backer. The season starts...
  • Marussia comeback hopes suffer a setback February 6, 2015

    London: Marussia's hopes of rising from the dead to race in next month's Formula One season-opener in Australia have suffered a setback after rivals rejected a proposal to let them compete with last year's car. "It needed all the teams to agree and there were three or four of them that...
  • New hope for ailing F1 team Marussia February 4, 2015

    Troubled Formula One team Marussia could yet start the new season after administrators said discussions were under way to secure its financial future. "Since the appointment of administrators negotiations have taken place with a number of parties to try and secure a long term solution for the team," Geoff Rowley, joint...
  • F1: Ferrari, McLaren take a hit from Marussia collapse December 28, 2014

    Ferrari and McLaren stand to lose millions as a result of the collapse of the Marussia Formula One team, the Sunday Telegraph newspaper reported. It said documents from administrators FRP Advisory dated Dec. 18 showed that Ferrari, Formula One's oldest and most successful team, were owed 16.6 million pounds ($25.81 million)...
  • Jules Bianchi did not slow sufficiently, says FIA report December 3, 2014

    Paris: French Formula One driver Jules Bianchi did not slow sufficiently under warning flags before crashing at the Japanese Grand Prix, an International Automobile Federation (FIA) report found on Wednesday. "Bianchi did not slow sufficiently to avoid losing control at the same point on the track as (Adrian) Sutil," the report,...
  • F1 driver Jules Bianchi out of artificial coma, taken to France November 19, 2014

    Formula One driver Jules Bianchi is showing signs of recovery following a life-threatening crash, and is breathing unaided after being taken out of an artificial coma and repatriated from Japan to a French hospital. Bianchi, who crashed during last month's Japanese Grand Prix, remains in a critical condition with severe head...
  • 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...
  • 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...
  • Formula One team Marussia shut down, staff laid off November 7, 2014

    The British-based Marussia Formula One team reached the end of the road on Friday with some 200 staff told the company had ceased trading and they were being made redundant. Administrators FRP Advisory announced the closure in a statement, saying the team had "no sustainable operational or financial structure in place...
  • 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...
  • 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...
  • Jules Bianchi remains in critical but stable condition, says family October 30, 2014

    Paris: Injured Formula One driver Jules Bianchi remains in a critical but stable condition, the Frenchman's family said on Thursday. "It will be four weeks this coming Sunday since Jules' accident and he remains in the Mie General Medical Center in Yokkaichi," Bianchi's family said in a statement released by his...
  • British-Indian billionaire brothers eye F1 team Marussia October 28, 2014

    British Indian brothers Baljinder Sohi and Sonny Kaushal are reportedly looking to purchase Formula One team Marussia, based in Britain and owned by Russian billionaire Andrey Cheglakov. According to The Telegraph on Monday, the purchasing sum is a reported 70 million euros (almost $89 million). The English daily said the two brothers,...
  • 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...
  • F1: Marussia withdrawal means 18-car grid for United States Grand Prix October 27, 2014

    London: The Marussia team's move into bankruptcy protection on Monday, four days after Formula One rival Caterham did the same, leaves only 18 cars on the grid for Sunday's United States Grand Prix, the smallest in nearly a decade. FRP Advisory, a London-based firm specializing in corporate restructuring, recovery and insolvency,...
  • 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...
  • Formula One: 10-man panel set up to review Bianchi crash October 22, 2014

    A 10-man working group set up to review the accident that has left Formula One driver Jules Bianchi fighting for his life will present its findings on Dec. 3. Bianchi is in a critical condition with severe head injuries after losing control of his Marussia car during the Japanese Grand Prix...
  • Marussia hit out at 'false' Jules Bianchi reports October 15, 2014

    Marussia hit back at claims they contributed to Jules Bianchi's life-threatening crash at the Japanese Grand Prix by urging him to ignore yellow warning flags. Marussia refuted news reports that Bianchi had been told to ignore the yellow flags and keep racing at full pace in the wet and dim conditions...
  • Jules Bianchi will keep fighting, says father October 14, 2014

    Critically injured French Formula One driver Jules Bianchi will not give up his fight for life but the situation remains desperate, his father Philippe said on Tuesday. Speaking to Italy's Gazzetta dello Sport newspaper in Yokkaichi, Japan, where the Marussia driver is in intensive care, Bianchi senior said he still had...
  • Formula One: Marussia to race with one car in Sochi October 10, 2014

    Marussia will race with only one car in Sunday's Russian Formula One Grand Prix out of respect for their severely injured French driver Jules Bianchi, the team said on Friday. Bianchi remains in a critical but stable condition in a Japanese hospital after he crashed into a recovery tractor at Suzuka...
  • F1 drivers dedicate Russia race to Jules Bianchi October 9, 2014

    Sochi: Formula One drivers say they will race this weekend's Russian Grand Prix for Jules Bianchi, who was seriously injured in an accident last week in Japan. Still trying to cope with Bianchi's accident, some of the leading drivers said Thursday they had to be professional and focus on the race,...
  • Marussia enter Rossi provisionally for Russian Grand Prix October 9, 2014

    Marussia have entered Alexander Rossi to replace critically injured French driver Jules Bianchi in Sunday's inaugural Russian Formula One Grand Prix but the American is still not certain to race. The official list of cars and drivers published by stewards on Thursday named Rossi and Britain's Max Chilton as Marussia's entrants. There...
  • Jules Bianchi's name kept above Marussia garage in Sochi October 9, 2014

    Sochi: In a mark of solidarity to the critically injured driver Jules Bianchi, who remains in intensive care, Russian Grand Prix organisers have placed his name above the Marussia Formula 1 team garage in Sochi ahead of the inaugural race from Oct 10-12. The 25-year-old suffered a horrific accident, crashing into...