Jul 14, 2013, 9:00 AM EDT
Peter Sauber is confident that his team will be in Formula One “for many years” despite the team reportedly needing $30m to make it to the end of the season.
Speaking to Swiss publication Blick, Sauber admitted that some investment was needed but he is confident that the money will be found.
“We will not only see out this season to the end, but we will still be in Formula One for many years,” Sauber explained. “I am convinced. The negotiations which we have been involved are close to reaching a conclusion. I’m convinced that we will succeed in getting a rescue.”
Sauber made no secret of how serious the situation was, but he rubbished reports stating that employees at Hinwil had not been paid.
“The situation is serious. It is one of the most difficult situations since I’ve been in motorsport,” the team boss explained.
“For many, we’ve been a very good and a very reliable partner for years. Obviously I’m sorry for any supplier who has had to wait for his money. We have not had to lay anyone off yet and have paid wages on time.”
Sauber’s optimism will sooth many fans of the team, and the fact that negotiations are ‘reaching a conclusion’ will please many in Formula One who are keen on seeing the team enter its twentieth year in F1 next season.
Aug 27, 2015, 4:21 PM EDT
IndyCars cross the Golden Gate Bridge in a motorcade, for pre-title buildup and to pay tribute to Justin Wilson.
Aug 27, 2015, 4:00 PM EDT
Aleshin returns to IndyCar this weekend after a year away.
Aug 27, 2015, 3:14 PM EDT
All cars to carry special tribute logos, decals for Justin Wilson this weekend, with Wilson’s old team also paying tribute.
Aug 27, 2015, 2:30 PM EDT
Rahal out to claim his third win of the season at Sonoma, believing it will be the only way to beat Juan Pablo Montoya to the 2015 Verizon IndyCar Series title.
Aug 27, 2015, 1:00 PM EDT
Max Chilton has two years of F1 experience under his belt, but believes Ferrari will have a big say in who Haas hires for 2016.
Aug 27, 2015, 11:30 AM EDT
Vettel defends Ferrari’s decision to try a one-stop strategy at Spa after suffering a tire failure on the penultimate lap of the race.
Aug 27, 2015, 10:47 AM EDT
Fast facts heading into this weekend’s season finale, the GoPro Grand Prix of Sonoma, courtesy of IndyCar PR staff.
Aug 27, 2015, 10:00 AM EDT
Victory at Spa gives Rossi momentum heading into the final four rounds of the 2015 season, and potentially in the race for a seat with Haas F1 Team next season.
Aug 27, 2015, 8:36 AM EDT
Off the back of winning Le Mans, Porsche confirms it will stay in the FIA World Endurance Championship for at least another three years.
Aug 26, 2015, 8:08 PM EDT
Just in time for the biggest race in drag racing, next weekend’s (Sept. 2-7) NHRA U.S. Nationals, Erica Enders is back where she wants to be: leading the NHRA Pro Stock point standings.
Aug 26, 2015, 6:06 PM EDT
Double the amount of base points, in addition to bonus points, could have a major impact on who emerges as the 2015 IndyCar Series champion Sunday at Sonoma Raceway.
Aug 26, 2015, 3:52 PM EDT
This past Sunday’s ABC Supply 500 Verizon IndyCar Series race at Pocono Raceway proved to be a very costly proposition for numerous teams.
Aug 26, 2015, 2:30 PM EDT
INDYCAR announced on Wednesday several infractions and manufacturer championship points updates following this past Sunday’s ABC Supply 500 at Pocono Raceway.
IndyCar flashback: Justin Wilson finishes second, Will Power/Scott Dixon controversy at Sonoma 2013 (video)
Aug 26, 2015, 2:00 PM EDT
There will likely be heavy hearts, tears and a great deal of emotion at this weekend’s season-ending Go-Pro Grand Prix of Sonoma, as the mourning for driver Justin Wilson continues.
Six remaining IndyCar championship contenders to be busy in the days leading up to big race at Sonoma
Aug 26, 2015, 1:27 PM EDT
The six remaining Verizon IndyCar Series contenders will be pretty busy over the next few days prior to Sunday’s championship-deciding Go-Pro Grand Prix of Sonoma.
Aug 25, 2015, 5:57 PM EDT
Allmendinger, Castroneves, Diffey and more reflect on the life lived by Justin Wilson.
Aug 25, 2015, 3:59 PM EDT
Tribute to Justin Wilson set to air on Tuesday night’s NASCAR AMERICA on NBCSN.
Aug 25, 2015, 2:05 PM EDT
Justin Wilson saves six lives with organ donation, his brother confirms.
Aug 25, 2015, 1:57 PM EDT
Prost leads while Andretti FE makes powertrain switch to cap off Formula E testing at Donington Park.
Aug 25, 2015, 11:37 AM EDT
FIA looks set to conduct a form of closed cockpit tests next month.
- IndyCars cross the Golden Gate Bridge; pay tribute to Justin Wilson (PHOTOS, VIDEO) 0
- Fast Facts: GoPro Grand Prix of Sonoma 0
- NHRA: Pro Stock driver Erica Enders hitting on all cylinders heading into U.S. Nationals 3
- IndyCar flashback: Justin Wilson finishes second, Will Power/Scott Dixon controversy at Sonoma 2013 (video) 3
- Report: FIA to conduct closed cockpit tests next month 13
- DiZinno: Justin Wilson’s enduring legacy, positive spirit loom as large as his frame 2
- Justin Wilson dies at age 37 28