Jul 15, 2013, 9:00 AM EDT
Sauber have established “a solid foundation to increase its competitiveness on a long-term basis” according to a press release issued by the team on Monday.
The Swiss team’s financial situation has been a subject of intense speculation recently, with senior team figures confirming they had “serious” problems and reports that payments to suppliers had been missed.
Today the team announced a collaboration with Russia’s National Institute of Aviation Technologies, a scientific research institutions, and two investment funds to “showcase Russian innovation at the pinnacle of motorsport”.
Sauber also confirmed it will welcome Russian racer Sergey Sirotkin as a development driver as part of a plan to “attract the talented young Russian generation towards motorsport”. Sirotkin’s father Oleg is the general director of NIAT.
The team raised the possibility of the 17-year-old driving for them as soon as next year: “A development program will be set up for the Russian driver Sergey Sirotkin to prepare him as a racing driver for the team in 2014.”
Sirotkin currently races in the Formula Renault 3.5 series against McLaren development drivers Stoffel Vandoorne and Kevin Magnussen, and Red Bull’s Antonio Felix da Costa. Sirotkin managed a best finish of second so far this year and lies eighth in the points standings.
Jul 4, 2015, 3:00 PM EDT
Both Ferraris will start behind Williams for the first time in 2015 on Sunday.
Jul 4, 2015, 2:00 PM EDT
The Red Bull driver will start tomorrow’s British Grand Prix from tenth place on the grid.
Jul 4, 2015, 1:00 PM EDT
A lively GP2 race sees Sirotkin claim his first win in the series ahead of Rossi and championship leader Stoffel Vandoorne.
Jul 4, 2015, 12:00 PM EDT
Dutchman admits to NBCSN that he thought he would easily make it through to Q3 in British GP qualifying.
Jul 4, 2015, 11:00 AM EDT
Massa will start tomorrow’s British Grand Prix from third place on the grid ahead of Williams teammate Valtteri Bottas.
Jul 4, 2015, 9:47 AM EDT
Hamilton thanks fans for support as over 100,000 come out for qualifying on Saturday at Silverstone.
Jul 4, 2015, 9:05 AM EDT
Hamilton edges out Rosberg for top spot in Q3 on Saturday at Silverstone.
Jul 4, 2015, 7:45 AM EDT
Can Lewis Hamilton storm to his eighth pole position of the 2015 Formula 1 season on Saturday at Silverstone?
Jul 4, 2015, 6:02 AM EDT
British driver back on top at Silverstone as Rosberg suffers another gearbox problem.
Jul 4, 2015, 4:45 AM EDT
Rosberg looks to make it a clean sweep of practice sessions on Saturday morning.
Jul 3, 2015, 5:00 PM EDT
Sirotkin claims his first pole in the GP2 Series on Friday ahead of Stoffel Vandoorne and Richie Stanaway.
Jul 3, 2015, 4:00 PM EDT
Foust seeks another win, Speed looks for bounce back from tough Daytona at MCAS.
Jul 3, 2015, 3:30 PM EDT
The street and road course specialist gets his first taste of an oval in Iowa this week.
Jul 3, 2015, 2:00 PM EDT
Wolff finishes eight-tenths of a second behind regular Williams driver Felipe Massa in FP1 on Friday.
Jul 3, 2015, 1:22 PM EDT
British driver switches back to the old setting on his Mercedes after struggling in the past four races.
Jul 3, 2015, 12:00 PM EDT
Raikkonen hits back at questions about his motivation as rumors of a possible driver change at Ferrari begin to circulate.
Jul 3, 2015, 11:00 AM EDT
Rosberg’s car was covered over following a stoppage in FP1.
- Hamilton storms to home pole position at British GP 2
- Hamilton closes out British GP practice fastest 0
- Rosberg fastest once again in second British GP practice 0
- Rosberg tops FP1 at Silverstone after gearbox change 0
- NHRA: Tony Pedregon hopes to keep momentum going in Norwalk 0
- NHRA: New president Peter Clifford full of ideas to get drag racing back on-track 9
- Ryan Briscoe making most of filling in for James Hinchcliffe 1