News Details

Sauber ensures long-term Formula 1 future

Sauber has secured its long-term future in Formula 1 by joining forces with three Russian companies. The agreements follow a period of major uncertainty for the Hinwil-based team, which has been unable to pay its suppliers. The Investment Cooperation International Fund, the State Fund of Development of North-West Russian Federation and the National Institute of Aviation Technologies are the three companies involved, aiding Sauber technologically and financially. "We are pleased to announce a partnership between the Investment Cooperation International Fund, the State Fund of Development of North-West Russian Federation and the National Institute of Aviation Technologies with Sauber...
Full Story »
12y ago from GPUpdate.net 0
Share

You May Also Be Interested In...

Unpaid suppliers file claims against cash strapped...

Unpaid suppliers file claims against cash strapped Sauber 12 July, 2013...
12y ago from GrandPrix247.com

Unpaid suppliers file claims against ailing Sauber

The depths of Sauber's financial problems are now beginning to emerge....
12y ago from F1Zone.net

No financial help for Sauber - Ecclestone

Bernie Ecclestone has ruled out financial aid for Sauber after the Swiss...
12y ago from TheF1Times.com

F1 2013 – Details of Sauber financial crisis emerge

Reports are suggesting that “dozens” of suppliers to the Sauber F1...
12y ago from F1.co.uk

Elsewhere On The Network

Popular On MGPToday.com

Johann Zarco extends LCR Honda stay through 2027...

Johann Zarco will be staying with LCR Honda after agreeing to a two-year...

Honda confirms Luca Marini to remain a factory rider...

Honda Racing Corporation has confirmed Luca Marini will remain as its...

Popular On IndyCarToday.com

David Malukas released from hospital following IndyCar...

David Malukas has been released from the hospital after requiring medical...
12h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Sebastian Ogier and Vincent Landais win inaugural...

After dropping over half a minute on the opening day to winning Rally del...
17h ago from MotorsportWeek.c...

Popular On GunnersToday.com

Exclusive: Arsenal expert on how 'sensational signing'...

Arsenal FC journalist Charles Watts has had his say on the seemingly...
46m ago from CaughtOffside.com

Arsenal column: Busy Deadline Day expected,...

Busy Deadline Day ahead for Arsenal Deadline Day at Arsenal is expected to...
2h ago from CaughtOffside.com

'Deal should be wrapped up' – Journalist on...

Arsenal should have their transfer deal for Piero Hincapie wrapped up and...
1h ago from CaughtOffside.com

Done deals: Arsenal set to confirm double deadline day...

Arsenal are set to confirm two departures in the coming hours, with both...
1h ago from FreshArsenal.com

Comments

Hottest News

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.