News Details

Sauber ensures long-term Formula 1 future

Sauber has secured its long-term future in Formula 1 by joining forces with three Russian companies. The agreements follow a period of major uncertainty for the Hinwil-based team, which has been unable to pay its suppliers. The Investment Cooperation International Fund, the State Fund of Development of North-West Russian Federation and the National Institute of Aviation Technologies are the three companies involved, aiding Sauber technologically and financially. "We are pleased to announce a partnership between the Investment Cooperation International Fund, the State Fund of Development of North-West Russian Federation and the National Institute of Aviation Technologies with Sauber...
Full Story »
12y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

Unpaid suppliers file claims against cash strapped...

Unpaid suppliers file claims against cash strapped Sauber 12 July, 2013...
12y ago from GrandPrix247.com

Unpaid suppliers file claims against ailing Sauber

The depths of Sauber's financial problems are now beginning to emerge....
12y ago from F1Zone.net

No financial help for Sauber - Ecclestone

Bernie Ecclestone has ruled out financial aid for Sauber after the Swiss...
12y ago from TheF1Times.com

F1 2013 – Details of Sauber financial crisis emerge

Reports are suggesting that “dozens” of suppliers to the Sauber F1...
12y ago from F1.co.uk

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Will Power turns first IndyCar laps with Andretti at...

IndyCar veteran Will Power completed his first test laps with his new...

Alex Palou delivers takedown of McLaren F1 drivers...

IndyCar champion Alex Palou has delivered a takedown of both McLaren...

Popular On TotalWRC.com

WRC Rally Islas Canarias stays until 2029

WRC Promotor and Rally Islas Canarias have signed a three year extension...

Popular On GunnersToday.com

“He’s not going to play” - Tim Sherwood suggests...

Former Premier League manager Tim Sherwood has urged Marc Guehi to snub...
2h ago from SportsKeeda.com

82 Premier League goals: Arsenal almost signed better...

Arsenal must be starting to regret their move to sign Viktor Gyokeres this...
6h ago from CaughtOffside.com

This Arsenal Invincible laughed at me when I first...

Former Arsenal right-back Emmanuel Eboue has admitted that legendary...
7h ago from CaughtOffside.com

Liverpool and Arsenal tracking forward with £78...

Liverpool and Arsenal are reportedly battling to sign Nico Williams from...
6h ago from SportsKeeda.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.