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Ericsson: Sauber out of 'survival mode'
– Sauber is no longer in "survival mode" following its mid-season takeover, and can now focus on climbing back up the Formula 1 grid, according to Marcus Ericsson.Sauber's financial troubles intensified in 2016, with staff enduring delayed payments, and team boss Monisha Kaltenborn missing races in a bid to secure investment.Sauber finally struck a deal in late July, shortly before Formula 1's summer break, with Swiss-based investment company Longbow Finance fully acquiring the group."It was very important," Ericsson said of the takeover."Before they [the investors] came in it was a bit survival mode for the team for the last couple of years, and that's been...
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8y ago from GPUpdate.net
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