News Details

End of the road is very near for Marussia

The eleventh hour is fast approaching for Marussia now called Manor, the name of the operating company,as the backmarker team is in administration and fast shedding its assets to pay millions in creditors' bills. The Banbury factory, for one, is believed to have been sold to 2016 entrant Gene Haas, and key staff have defected to rival teams. It is believed Haas was also among the buyers of team equipment sold recently at auction, indicating that Marussia is clearly in its death throes. But team president Graeme Lowdon was quoted on Sunday by Britain's Sky: 'There have been some auctions already but none of the equipment that has been sold so far is essential for the team to go forward.'...
Full Story »
9y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Haas acquires Marussia assets and Banbury base

Gene Haas has reportedly purchased Marussia's former base in Banbury after...
9y ago from GrandPrixTimes.com

Haas to bid for Marussia's assets in auction

Gene Haas says he's likely to bid for several items in Tuesday's Marussia...
9y ago from GrandPrixTimes.com

Marussia has 48 hours if it's to survive - Lowdon

The Marussia F1 Team (or Manor GP as it's listed on the FIA entrant...
9y ago from GrandPrixTimes.com

Last hours approach for ailing Marussia

The eleventh hour is fast approaching for Marussia. Now called Manor, the...
9y ago from GrandPrix.com

Elsewhere On The Network

Popular On MGPToday.com

MotoGP's ‘best option' is to race elsewhere for...

Current championship leader Jorge Martin has stated MotoGP's 'best...

MotoGP title rivals ask organisers not to host season...

t;li>Márquez, Martín and Bagnaia ask for change in venue‘Ethically...
9h ago from TheGuardian.com

Popular On IndyCarToday.com

Ganassi finalizes IndyCar lineup, confirms Kyffin...

Chip Ganassi Racing announced its full 2025 IndyCar line-up on Wednesday,...

McLaren Racing set for investment from Abu Dhabi-based...

McLaren Group's automotive sector is set for new investment from an...

Popular On TotalWRC.com

Didier Auriol entering Rally Japan, first WRC start...

1994 World Rally Champion Didier Auriol will run the 2024 season finale in...

Popular On GunnersToday.com

Comments

Hottest News

McLaren unveil NEW car in huge announcement

McLaren Racing have revealed a completely new car... Read More »
2h ago from GPFans.com

Lawson makes BRUTAL Red Bull admission at Ricciardo's...

VCARB driver Liam Lawson has made an astonishing... Read More »
35m ago from GPFans.com

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.