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.
Sep 3, 2015, 2:39 PM EDT
Mercedes goes all-in ahead of this weekend’s Italian Grand Prix, fully upgrading the power units on both of its cars.
Sep 3, 2015, 1:23 PM EDT
FOM comes out in support of “first class partner” Pirelli.
Sep 3, 2015, 12:45 PM EDT
Silly season has been a let down in 2015. Perhaps it is therefore fitting that McLaren is now the team to watch in the driver market.
Sep 3, 2015, 12:13 PM EDT
Hamilton goes blonde for Monza. He’s not alone in F1 annals.
Sep 3, 2015, 11:15 AM EDT
Perez expects to confirm his plans for 2016 in the next two weeks.
Sep 3, 2015, 10:30 AM EDT
Debris, not structural problems, to blame for tire failures at Spa.
Sep 3, 2015, 10:00 AM EDT
Luke Smith and Tony DiZinno make their picks ahead of this weekend’s race at Monza.
Sep 3, 2015, 9:00 AM EDT
The European season comes to a close at Monza this weekend. Can Lewis Hamilton enter the final run of flyaways with an even bigger lead?
Sep 3, 2015, 8:00 AM EDT
James Hinchcliffe a few weeks away from his driving return.
Sep 3, 2015, 5:38 AM EDT
Williams confirms an unchanged line-up for 2016, keeping Bottas and Massa together for a third season.
Sep 2, 2015, 6:16 PM EDT
The TV times for this weekend’s Italian Grand Prix.
Sep 2, 2015, 4:33 PM EDT
$2,500 fine levied against No. 22 team for pit road infraction.
Sep 2, 2015, 2:36 PM EDT
Jann Mardenborough steps up from GP3 into GP2 this weekend.
Sep 2, 2015, 1:00 PM EDT
Hinchcliffe recalls racing, commentating on Justin Wilson.
Sep 2, 2015, 12:26 PM EDT
Leah Pritchett looks to make her mark even more in NHRA Top Fuel, going into U.S. Nationals.
Sep 2, 2015, 11:22 AM EDT
Dixon offers a rebuttal to Montoya’s dig about a “poor” season.
Sep 2, 2015, 10:11 AM EDT
Stefan Wilson recalls his favorite racing moments of brother Justin.
Sep 2, 2015, 9:17 AM EDT
Hulkenberg reveals he held talks with Haas F1 Team about a seat for 2016 before opting to remain with Force India.
Sep 1, 2015, 6:37 PM EDT
Sato improved four spots in the driver standings over his 2014 result.
Sep 1, 2015, 5:25 PM EDT
Substituting for James Hinchcliffe, Briscoe ended his abridged 2015 with his first top-five finish of the year.
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