Jul 15, 2013, 9:00 AM EST
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.
Nov 23, 2014, 1:57 AM EST
“I believe in miracles but not this time. Lewis Hamilton has got this.”
Nov 22, 2014, 11:21 PM EST
The world of motorsports — particularly NASCAR and NHRA — is mourning arguably the best public relations person it has ever seen, Denny Darnell, who passed away Saturday.
Nov 22, 2014, 6:15 PM EST
Will Owen, who impressively won the 2014 USF2000 race as a rookie at Indianapolis Motor Speedway this past May, is moving up the racing ladder.
Nov 22, 2014, 5:52 PM EST
Something a bit quicker than nine little reindeer…
Marco Andretti, Will Power, AJ Allmendinger go back to roots in big karting race this weekend in Las Vegas
Nov 22, 2014, 5:15 PM EST
Marco Andretti, reigning IndyCar champ Will Power and NASCAR driver AJ Allmendinger, are all going back to their racing roots this weekend in Las Vegas, taking part in one of the biggest karting events of the season.
Nov 22, 2014, 4:45 PM EST
Luke, Lambert, crew chief for Ryan Newman, has been named Federal-Mogul Motorparts’ “Problem Solver of the Year.” And with it comes a $100,000 prize that he’ll receive Dec. 4 in Las Vegas.
Nov 22, 2014, 4:30 PM EST
The former Grand Prix regular and current sports car racer chats with NBCSN’s Will Buxton in Abu Dhabi.
Nov 22, 2014, 3:50 PM EST
Mallya attacks Red Bull following its double exclusion from today’s qualifying session in Abu Dhabi.
Nov 22, 2014, 3:00 PM EST
di Grassi climbs from 18th on the grid to second at finish in Putrajaya ePrix; Nick Heidfeld found to have made pit stop car change outside permitted area, relegated to 19th.
Nov 22, 2014, 2:30 PM EST
The stage is set for the final showdown on Sunday. Will it be Lewis or Nico?
Nov 22, 2014, 1:45 PM EST
McLaren junior driver moves up to second in the championship with feature race win in Abu Dhabi.
Nov 22, 2014, 1:30 PM EST
The new cancer center’s lobby will be named in honor of RHR’s late mother, who succumbed to colon cancer in 2009.
Nov 22, 2014, 1:15 PM EST
The British F1 debutant will start his first grand prix from 17th place tomorrow.
Nov 22, 2014, 12:58 PM EST
He remains suspended by NASCAR, but Jeremy Mayfield continues his racing comeback this weekend at Myrtle Beach Speedway.
Nov 22, 2014, 12:30 PM EST
Ricciardo and Vettel to start from the back of the grid in Abu Dhabi.
Nov 22, 2014, 11:30 AM EST
The 22-year-old is not set to move up to F1 despite an incredible rookie season in GP2.
Nov 22, 2014, 11:15 AM EST
Valtteri Bottas and Williams best of the rest once again in Abu Dhabi qualifying.
Nov 22, 2014, 11:00 AM EST
The administrator put in charge of the ailing F1 team believes that a buyer can be found in the next couple of weeks.
Nov 22, 2014, 10:30 AM EST
“The technical people were panicking a little bit, being afraid that I would take some secrets.”
- Abu Dhabi GP Paddock Notebook – Saturday 0
- Red Bull drivers excluded from qualifying in Abu Dhabi 1
- Force India confirms Sergio Perez on multi-year deal 2
- Nico Rosberg rallies to pole position in Abu Dhabi 0
- Rosberg closes out Abu Dhabi practice fastest 1
- Abu Dhabi GP Paddock Notebook – Friday 0
- Jimmie Johnson: Kevin Harvick winning Sprint Cup title was “the right thing” 21