News Details
Marussia ceases trading, staff made redundant
– Marussia's administrators, FRP Advisory, confirmed on Friday that the Formula 1 team has ceased trading and all employees will be made redundant, following unsuccessful discussions with potential investors.Marussia entered administration last month but had hoped to return to the grid for the Abu Dhabi season finale, having skipped the United States and Brazilian Grands Prix.However, the deadline to find a new backer has passed, leading to the Banbury-based team being wound up and the loss of about 200 jobs."It goes without saying that it's deeply regrettable that a business with such a great following in Britain and worldwide has had to cease trading and close its doors,"...
Full Story »
Full Story »
10y ago from GPUpdate.net
0
You May Also Be Interested In...
Marussia ceases trading, administrators confirm
Administrators acting on behalf of Marussia have confirmed that the...
10y ago from F1Zone.net
Marussia F1 Team ceases trading
The Marussia F1 Team has folded and its staff made redundant, the team's...
10y ago from Crash.net
Marussia to be wound up
Marussia's administrators confirmed on Friday that the Formula 1 team is...
10y ago from SkySports.com
Caterham administrators in talks with 'credible'...
Caterham F1 Team
Administrators for the Caterham F1 Team say that they...
10y ago from F1Zone.net
Elsewhere On The Network
Popular On MGPToday.com
The message Marquez's race pace sent to MotoGP rivals
No description available...
41m ago from Motorsport.com
2025 Sepang MotoGP test rundown
The 2025 MotoGP season began to take shape as the entire grid took to the...
3h ago from MotorsportWeek.c...
VR46 on Di Giannantonio's injury: "He doesn't...
No description available...
2h ago from Motorsport.com
Quartararo: Yamaha made bigger gains over the winter...
No description available...
3h ago from Motorsport.com
Popular On IndyCarToday.com
Power sets goal of five move competitive years in...
Will Power is one of the NTT IndyCar Series’ longest tenured drivers,...
18h ago from MotorsportWeek.c...
Conor Daly thinks IndyCar should race in Mexico and...
No description available...
1d ago from Motorsport.com
Andretti Global shows off new liveries for 2025...
Andretti Global has revealed a trio of new liveries for the team’s cars...
3d ago from MotorsportWeek.c...
Penske President Tim Cindric to reduce leadership role
Team Penske announced on Friday afternoon that long-time President Tim...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Solberg handed penalty for drifting on Monaco GP...
No description available...
1w ago from Motorsport.com
Fourmaux to keep ‘head on shoulders’ after...
No description available...
1w ago from Motorsport.com
The five big takeaways from the WRC Rally Monte Carlo
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Decision made: Arsenal a step closer to landing dream...
It seems a decision has been made that could be great news for Arsenal...
2h ago from CaughtOffside.com
Arsenal get in touch with 22-year-old star wanted by...
No description available...
1h ago from SportsKeeda.com
Arsenal transfer news: Real Madrid told to pay...
Real Madrid will allegedly be told to pay a world-record fee if they firm...
1h ago from SportsMole.co.uk
Report: Arsenal emerging as favourites to sign pacey...
Arsenal are reportedly emerging as the most likely next destination for...
1h ago from CaughtOffside.com
Comments
Hottest News
David Coulthard suggests why Lewis Hamilton crashed in...
David Coulthard has offered a theory as to why... Read More »
3h ago from MotorsportWeek.com
Toxic online abuse leading to talent drain of top sports...
The escalating scale of online abuse is... Read More »
50m ago from GrandPrix247.com
Hamilton secret emerges following Mercedes exit
A major secret regarding Lewis Hamilton has been... Read More »
4h ago from GPFans.com
