Jul 14, 2013, 8:00 AM EDT
Sauber’s financial struggles have been well documented in the media lately, but it appears that the situation could be more dire than first thought with German publication Spiegel today reporting that the team requires $20m to even finish the season, let alone make it to the grid next year.
Star driver Nico Hulkenberg has reportedly been released from his contract due to Sauber’s failure to maitain payments, having also failed to pay suppliers in the last few weeks. The German driver is now in talks with Lotus, although the nature of any deal is yet to be confirmed.
Spiegel also claims that the team has as many as two dozen creditors waiting for payments, which if true means that the team faces an uphill struggle to make it to the final race at Interlagos in November.
In terms of investment, the options for Sauber appear to be few and far between. Nicolas Todt, son of FIA president Jean, was rumored to be in the running to buy a stake in the Swiss team but he recently ruled out doing so. Russian billionaire and owner of Chelsea Football Club Roman Abramovich is thought to be an option, with Chelsea’s crest appearing on the Sauber C32 car as part of a commercial agreement between the two parties.
Sep 29, 2014, 9:30 PM EDT
NBCSN’s Marty Snider has more from Stewart’s press conference today in North Carolina.
Sep 29, 2014, 8:30 PM EDT
Instead of racing to protect his position in the Chase, Jeff Gordon went into attack mode Sunday at Dover – and it paid off with a win. Check out his Victory Lane interview with NASCAR AMERICA’s Kelli Stavast here.
Sep 29, 2014, 7:30 PM EDT
All the notes and numbers to keep in mind as the Contender Round begins on Kansas’ 1.5-mile oval.
Sep 29, 2014, 6:45 PM EDT
Coming up: Highlights from the first cut race of the Chase; reports on Kevin Harvick’s tire failure and Hendrick Motorsports; Tony Stewart speaks about trying to carry on after his involvement in a fatal sprint car accident.
Sep 29, 2014, 5:15 PM EDT
Josef Newgarden ends P13 in 2014, after a year where an overall top-10 finish was possible.
Sep 29, 2014, 4:47 PM EDT
A nice display of sportsmanship after a tough day at the Monster Mile.
Sep 29, 2014, 4:15 PM EDT
It was a tough year for James Hinchcliffe, who ended P12 in the IndyCar points.
Sep 29, 2014, 3:33 PM EDT
Hamilton hopes to join the list of famous names that have won at Suzuka, while Rosberg turns the page on his disappointing Singapore Grand Prix.
Sep 29, 2014, 3:15 PM EDT
Ryan Briscoe’s return to IndyCar was quiet, clean and productive.
Sep 29, 2014, 3:05 PM EDT
Simon Pagenaud leaves the past behind, and readies for Team Penske opportunity.
Sep 29, 2014, 2:15 PM EDT
Lack of bonus points notwithstanding, Logano’s pleased about where he and his No. 22 Team Penske crew stand going into the next round of the Chase.
Sep 29, 2014, 2:00 PM EDT
The latest young drivers to earn Team USA Scholarship are named.
Sep 29, 2014, 1:00 PM EDT
Also: Tony Stewart opens up; IndyCar’s Simon Pagenaud jumps to Team Penske; and the stage is set for a wild season finale in Red Bull Global Rallycross.
Sep 29, 2014, 12:30 PM EDT
P14 for Tony Stewart at Dover felt like one of his better runs of the season, he explained Monday.
Sep 29, 2014, 12:10 PM EDT
Tony Stewart addresses the questions, and faces the media, in Charlotte.
Sep 29, 2014, 10:48 AM EDT
Pagenaud to Penske means IndyCar’s “big three” now have 12 cars between them – four apiece.
Sep 29, 2014, 10:06 AM EDT
Simon Pagenaud makes it official: he’s driving for Team Penske in 2015.
Sep 29, 2014, 10:00 AM EDT
Gabby Chaves (pictured) and Rodolfo Gonzalez set for Schmidt Peterson Motorsports IndyCar tests.
Sep 29, 2014, 9:30 AM EDT
8Star Motorsports commits to Indy Lights with first car order placed.
Video from NASCAR America
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- Simon Pagenaud confirmed at Team Penske in fourth IndyCar 3
- Jeff Gordon advances to next round of Chase with first Dover victory since 2001 5
- Open letter from Kevin Ward Jr.’s aunt questions Tony Stewart, evidence of marijuana in nephew’s system 43
- Kyle Busch outduels Joey Logano for Nationwide win in Dover 2