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Marussia set to exit administration this month
– Marussia's administrators have announced that the team is set to exit administration later this month, through a Company Voluntary Arrangement.Marussia fell into administration last October, and missed the final three rounds of the 2014 season in the United States, Brazil and Abu Dhabi.But as talks continued with a potential investor, a planned auction of Marussia's final assets – including race cars and pit equipment – was cancelled last month.The team still holds an official entry for the upcoming Formula 1 campaign, under the Manor Grand Prix Limited moniker."Since the appointment of administrators negotiations have taken place with a number of parties to try and secure...
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10y ago from GPUpdate.net
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