News Details
Marussia ceases trading
The Marussia Formula 1 team have ceased trading with over 200 employees made redundant with immediate effect.
The Formula 1 team went into administration last month and did not attend the United States GP while also sitting out this weekend's race in Brazil.
Marussia, though, had hoped to find a buyer or a cash injection to continue in Formula 1.
However, on Friday it was announced that a deadline of 12:00 GMT had come and gone without any money coming through.
As such Geoff Rowley, the joint administrator at FRP Advisory, has announced that the team has folded.
"It goes without saying that it is deeply regrettable that a business with such a great following in British and world...
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9y ago from PlanetF1.com
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