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Sauber announces Russia tie-up
PARIS, France, July 15, 2013 (AFP) - Financially troubled Formula One team Sauber on Monday announced a new partnership with Russian investors, in part to help promote the sport ahead of the country's inaugural grand prix at Sochi next year. The Swiss team said in a statement it had signed a deal with the Investment Cooperation International Fund, the State Fund of Development of North-West Russian Federation and the National Institute of Aviation Technologies. The tie-up was designed to develop new technology for use both on the track and commercially, and to help "the promotion of the inaugural Formula 1 Grand Prix in Sochi in 2014 and attracting the talented young Russian...
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