News Details
Ericsson terminates Caterham contract
Caterham F1 Team
Marcus Ericsson has severed his ties with Caterham, ahead of his move to Sauber for 2015.
Ericsson raced for the team in his rookie campaign but the team entered administration ahead of the United States Grand Prix and was absent from the last two events.
A crowd-funding website was set up with the aim of getting Caterham to the Abu Dhabi Grand Prix but the squad is still £1m short of its target with 48 hours remaining.
"Following recent events regarding Caterham Sports Limited and 1 MRT Sdn Bhd, my adviser Eje Elgh and I have decided to terminate, with immediate effect, all agreements connecting me to the Caterham F1 team," Ericsson said in a statement....
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