Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

Second F1 team driven into administration, IT suppliers line up to be paid

Margi Murphy | Oct. 30, 2014
Bailiffs have already seized Caterham's car parts, IT suppliers amongst creditors waiting to be paid.

He added that although Marussia, like Caterham, would not be taking part in the US Grand Prix this weekend, there was a chance that it could perform in the next two races in Sao Paulo and Abu Dhabi, should an investor make an offer in the "small window of opportunity".

"No redundancies have been made following the company's entering into administration and all staff have been paid in full to the end of October. The ongoing staff position will however be dependent on whether the company can secure new investment in the limited time available," he said.


Previous Page  1  2 

Sign up for CIO Asia eNewsletters.