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)

Loading...

Comments

Latest Results




Latest F1 News

2018 F13 days ago

Can Red Bull Challenge Mercedes And Ferrari?

24SharesSo, things didn’t exactly go to plan for Lewis Hamilton and Mercedes at Silverstone as the Brit made a disastrous...

2018 F13 days ago

Liberty working on securing future of British GP – Brawn

5SharesRoss Brawn says Liberty Media is working on securing the future of the British grand prix. Silverstone owner the BRDC...

2018 F13 days ago

Grosjean form ‘unacceptable’ – Haas F1

1ShareGunther Steiner says a “critical moment” could come amid his patience with struggling Haas driver Romain Grosjean. Frenchman Grosjean has...

2018 F13 days ago

No ‘negotiations’ with Raikkonen yet – McLaren

35Shares Zak Brown says McLaren has not yet opened contract talks with former team driver Kimi Raikkonen. It is rumoured in...

2018 F13 days ago

Wolff wants Hamilton beyond 2020

657SharesToto Wolff has revealed he wants to keep Lewis Hamilton at Mercedes even beyond 2020. Although not yet announced, it...

2018 F14 days ago

Renault engine power deficit a bigger problem – Verstappen

5SharesMax Verstappen says Red Bull’s title chances have taken a dive. Although the Dutchman won in Austria, he says at...

2018 F15 days ago

Ricciardo admits 2019 Red Bull contract ‘likely’

1ShareDaniel Ricciardo now says it is “likely” he will stay at Red Bull in 2019. Earlier, the Red Bull driver...

2018 F15 days ago

Alonso no fan of proposed expand points system

44SharesFernando Alonso says he is not sure changing the points system is a good move for F1. Over the British...

2018 F16 days ago

Renault felt like F2 engine – Verstappen

105SharesMax Verstappen says he feels as though he has been relegated to Formula 2. In the Honda era, Fernando Alonso...

2018 F16 days ago

Rosberg reveals what difference at Ferrari engine

1Share2016 F1 world champion Nico Rosberg says the engine is what is making the difference at Ferrari this year. The...




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