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.
Aston Martin to have largest racing contingent yet in 2014; Bruno Senna to drive 24 Hours of Le Mans
Mar 12, 2014, 4:25 PM EDT
James Bond’s career is one that has been built upon endurance. That’s why it’s not surprising Bond’s favorite car manufacturer, Aston Martin, is expanding its sports car racing footprint in 2014, the 10th anniversary of its racing division.
Mar 12, 2014, 4:09 PM EDT
Second season for talented young Colombian driver in Indy Lights, with a new team.
WATCH LIVE: NASCAR AMERICA at 5 p.m. ET — Qualifying rules adjustments, Jeff Burton, Top 5 Moments in Bristol
Mar 12, 2014, 3:39 PM EDT
On today’s NASCAR America: *Breakdown of NASCAR’s new qualifying rules adjustments for Bristol race *Jeff Burton live from NBC Sports Charlotte studio, on excitement of racing in Bristol *Top 5 Moments in Bristol
Mar 12, 2014, 3:04 PM EDT
We all know Ricky Bobby in Talladega Nights said that second is the first loser. And we also know all about start-and-park and go-or-go-home drivers, as well. But this takes losing – or shall we say, not finishing – to a whole other level (and no, this is NOT a trick question): Which former NASCAR champion holds the record for most last-place finishes in a career?
Mar 12, 2014, 1:56 PM EDT
The World Rallycross Championship (WRC) continues to bag big names to compete on its circuit in the 2014 racing season.
Mar 12, 2014, 1:28 PM EDT
Ken Block has nothing on Mike Ryan. When he wants to do a little drifting – or as most race fans call it, driftin’ — Ryan climbs into his 1,950 horsepower Detroit Diesel-powered Freightliner.
Mar 12, 2014, 1:00 PM EDT
16-year-old shifts from open-wheel to prototype racing in 2014, under iconic Dyson banner.
Mar 12, 2014, 12:08 PM EDT
There’s nothing like racing in front of your hometown crowd to get a driver pumped up more than usual.
Mar 12, 2014, 12:00 PM EDT
Kevin Magnussen, Daniil Kvyat, Marcus Ericsson seek finishes first in Grand Prix debuts.
Mar 12, 2014, 11:00 AM EDT
Minimal 2014 expectations for the team that took the 2013 Australian Grand Prix victory.
Mar 12, 2014, 10:15 AM EDT
Streaming, pre-race shows among the offerings from IMSA ahead of the Mobil 1 Twelve Hours of Sebring.
Mar 12, 2014, 10:00 AM EDT
After brief career detour, Ryan Briscoe looks to deliver with another top-flight chance in IndyCar.
Mar 12, 2014, 9:00 AM EDT
One of IndyCar’s most improved 2013 drivers could advance even higher than fifth in points with a few more things turning around.
Mar 12, 2014, 8:47 AM EDT
Michael Schumacher’s manager says there are slight signs of improvement.
Mar 12, 2014, 8:00 AM EDT
Third, fourth drivers for teams at Sebring add strength to 12-hour race field.
Mar 11, 2014, 9:45 PM EDT
Sports car racing meets “It’s a Wonderful Life.” With dinosaurs.
Mar 11, 2014, 9:18 PM EDT
NBCSN’s Leigh Diffey and Wally Dallenbach discuss the team’s quiet start to the 2014 Sprint Cup season.
Mar 11, 2014, 7:06 PM EDT
Cooling units are now allowed on pit road and cool-down laps on track are banned.
Mar 11, 2014, 5:48 PM EDT
All the notes and numbers to keep in mind going into Thunder Valley.
Mar 11, 2014, 4:50 PM EDT
Be sure to have your username and password from your cable/satellite/telco provider handy so your subscription can be verified for access to the Live Extra stream.
- You might be surprised: Which former NASCAR champ holds record for most career last-place finishes? 0
- Lotus to defend Australian GP crown on the back foot 1
- Manager: Schumacher showing “small, encouraging signs” 0
- After safety concerns, NASCAR announces changes to qualifying 2
- Red Bull’s Horner says Mercedes could lap field twice in Oz 1
- F1 on NBC Sports TV, streaming schedule for 2014 Australian Grand Prix (7)
- Chrysler orders nearly 100 pristine Dodge Vipers destroyed (7)
- NNS: Elliott’s car found too low, shock taken from Keselowski’s car (6)
- Report: F1 apparently headed for Azerbaijan in 2015 or 2016 (5)
- The Dos Equis guy will give NASCAR’s start your engines command in Las Vegas (5)