Connect with us

F1 top news

Marussia F1 team no longer owned by Russian supercar maker

Published

on

Jules Biachi, Marussia, Friday Practice, F1 2014 Bahrain Grand PrixF1 team Marussia has split with its Russian supercar maker owner.

The sports arm of the Russian news agency Ria Novosti reports that Marussia Motors, headed by Nikolai Fomenko, is no longer making cars and has given up ownership of the UK-based formula one team that bears its name.

R-Sport said Marussia staff have “left the company en masse and joined a government-run technical institute”.

“The supercar project was ambitious, but it is disappointing that it was unable to get to market,” team spokeswoman Tracy Novak confirmed.

“There is no impact whatsoever on the formula one team’s operation,” she insisted.

Novak explained that the team is now owned by another company with a Marussia-themed name, Marussia Communications Limited.

There is a company called Marussia Communications Ireland Limited, which is registered to a house on a street in Dublin.

“There is no link between the two companies financially or technically,” Novak said. “The F1 team has been an independent operation for some time.”

It was reported recently that Marussia Motors president Fomenko was in F1 takeover talks with Zoran Stefanovich, but Novak played down fears the future of the backmarker team is in doubt.

“The F1 team has had a positive start to the 2014 season and looks forward to continued success in the pursuit of its racing ambitions,” she said. (GMM)

Comments

Latest Results




Latest F1 News

2018 F13 hours ago

I can still become world champion with my own power – Vettel

According to La Gazzetta dello Sport, the highly influential Italian sports daily, Sebastian Vettel said “Ciao Mondiali” to his hopes...

2018 F11 day ago

Vettel misses Schumacher amid 2018 F1 struggle

Sebastian Vettel thinks he would benefit from the advice of his old friend and mentor Michael Schumacher. One analysis of...

2018 F12 days ago

Verstappen says Red Bull never considered deal with Alonso

Max Verstappen says Red Bull never considered signing up Fernando Alonso for 2019. That is despite the fact that, recently,...

2018 F12 days ago

Honda poised to overtake Renault for power

Honda could be poised to overtake Renault and cease having the least powerful engine in F1. Auto Motor und Sport...

2018 F14 days ago

Pascal Wehrlein on pole for 2019 Toro Rosso race seat

Pascal Wehrlein has emerged as a top candidate to return to F1 next year. Just days ago, Mercedes admitted that...

2018 F14 days ago

I’ll be with Force India until the end of 2018 – Ocon

Esteban Ocon says he should keep his Force India cockpit for the rest of the 2018 season. Earlier, there was...

2018 F14 days ago

FIA clears legality of Ferrari’s camera-blocking ‘fan’

F1’s governing body has cleared Ferrari to keep using a controversial airbox fan. In the Singapore pits, the Italian team...

2018 F15 days ago

Ricciardo is worth top dollar – Alain Prost

Paying the big bucks for Daniel Ricciardo is an expense that Renault can fully justify. That is the view of...

2018 F15 days ago

Vettel feeling pressure of 2018 F1 title battle – Red Bull

Sebastian Vettel often struggles with pressure. That is the view of Adrian Newey, Red Bull’s famous technical boss who penned...

2018 F15 days ago

Red Bull excluding Ricciardo from meetings

Daniel Ricciardo is set to be given the cold shoulder by Red Bull. The Australian is moving from the energy...




Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media