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 »
11y 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...
11y ago from F1Zone.net
Marussia F1 Team ceases trading
The Marussia F1 Team has folded and its staff made redundant, the team's...
11y ago from Crash.net
Marussia to be wound up
Marussia's administrators confirmed on Friday that the Formula 1 team is...
11y ago from SkySports.com
Caterham administrators in talks with 'credible'...
Caterham F1 Team
Administrators for the Caterham F1 Team say that they...
11y ago from F1Zone.net
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin on Aprilia's Brazil GP chances: 'We are a...
No description available...
2h ago from Motorsport.com
Why Marc Marquez is still not at 2025 MotoGP level...
No description available...
4h ago from Motorsport.com
Fabio Quartararo explains how he pulled off Brazilian...
No description available...
6h ago from Motorsport.com
MotoGP Brazilian GP: Marc Marquez scores comeback win...
No description available...
20h ago from Motorsport.com
Popular On IndyCarToday.com
Legacy Grand Prix of Long Beach promoter Jim...
No description available...
16h ago from Motorsport.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
4d ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
4d ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanpera’s Super Formula programme suspended...
No description available...
1d ago from Motorsport.com
Kalle Rovanpera’s Super Formula programme paused...
No description available...
1d ago from Motorsport.com
WRC Safari Rally Kenya: Oliver Solberg wants more rain...
No description available...
1d ago from Motorsport.com
Takamoto Katsuta breaks down in tears after...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Vital Arsenal duo out of Carabao Cup final as Arteta's...
Arsenal will be without key duo Eberechi Eze and Jurrien Timber for...
37m ago from CaughtOffside.com
Manchester City confirmed team to take on Arsenal,...
Manchester City's line up to take on Arsenal in the Carabao Cup final has...
27m ago from CaughtOffside.com
Hours before Carabao Cup final, Manchester City suffer...
Manchester City have been dealt an injury blow hours before their Carabao...
17m ago from SportsKeeda.com
'Arsenal have the edge' | Neville backs gunners ahead...
Sky Sports' Gary Neville looks ahead to the League Cup final between...
1h ago from SkySports.com
Comments
Hottest News
Mercedes release official statement after disqualification...
Mercedes have released a statement after being... Read More »
5h ago from GPFans.com
'They should all be sacked': Aston Martin scolded for major...
Aston Martin's top F1 management have been... Read More »
4h ago from GPFans.com
Mario Andretti sets huge F1 target for Cadillac before end...
Mario Andretti has set Cadillac a huge target to... Read More »
57m ago from MotorsportWeek.com
