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 27, 2015, 4:51 PM EDT
Good news, Ricciardo made the podium. Bad news, his trophy didn’t survive it.
Jul 27, 2015, 4:09 PM EDT
Jakes kept his visor down after all on a pit stop in Iowa.
Jul 27, 2015, 3:13 PM EDT
A quick look back at Chaves’ short track debut.
Jul 27, 2015, 2:00 PM EDT
Karam needs a clean, consistent weekend at Mid-Ohio.
Jul 27, 2015, 12:00 PM EDT
Rahal and Force compete against each other in a series of fun challenges at Sonoma.
Jul 27, 2015, 11:00 AM EDT
If another Dixon Mid-Ohio win happens, it will save his championship chances.
After blowing his chance to cut the gap to Hamilton, Rosberg must now avoid the mistakes of last summer
Jul 27, 2015, 10:00 AM EDT
Luke Smith considers the fall-out of a dramatic Hungarian Grand Prix that saw both Mercedes drivers miss an opportunity to seize control of the drivers’ championship.
Jul 27, 2015, 9:00 AM EDT
Manor makes it through a difficult weekend by getting both of its cars to the finish in Hungary.
Jul 27, 2015, 8:00 AM EDT
Vettel storms to his 41st career victory in Hungary as both Mercedes drivers hit trouble.
Jul 26, 2015, 11:09 PM EDT
Steve Torrence (Top Fuel), Jack Beckman (Funny Car), Larry Morgan (Pro Stock) and Eddie Krawiec (Pro Stock Motorcycle) won in Sunday’s NHRA Mopar Mile-High Nationals.
Jul 26, 2015, 6:05 PM EDT
Sandell finally gets on the board in Round 6 of the Red Bull GRC season.
Jul 26, 2015, 5:00 PM EDT
The F1 grid comes together ahead of the Hungarian Grand Prix to pay its respects to Jules Bianchi.
Jul 26, 2015, 4:00 PM EDT
The Red Bull Global Rallycross doubleheader in Detroit concludes with today’s Round 6.
Jul 26, 2015, 3:40 PM EDT
Ferrari caps off an emotional weekend with victory at the Hungaroring as Mercedes came unstuck.
Jul 26, 2015, 3:30 PM EDT
Verstappen claims his first top five finish in F1 in Hungary, capping off an impressive first half-season in the sport.
Jul 26, 2015, 2:00 PM EDT
A penalty for Massa and a puncture for Bottas leaves both Williams drivers outside of the points in Hungary.
Jul 26, 2015, 1:30 PM EDT
At one stage, Rosberg had been poised to take the lead of the championship into the summer break, only to lose yet more ground on Mercedes teammate Lewis Hamilton.
Jul 26, 2015, 12:59 PM EDT
A poor start, off-track excursion, collision with Ricciardo and drive-through penalty can’t stop Hamilton from finishing sixth and extending his championship lead.
Jul 26, 2015, 12:02 PM EDT
The stewards were kept very busy in Hungary on Sunday.
- For Dixon, it’s likely Mid-Ohio or bust in terms of 2015 IndyCar title hopes 0
- Race Recap: Vettel draws level with Senna on all-time win list with victory in Hungary 1
- NHRA Mile-High Nationals winners: Torrence, Beckman, Morgan, Krawiec 2
- F1 grid unites to pay tribute to Jules Bianchi (VIDEO) 1
- F1 Paddock Pass: Hungarian GP post-race (VIDEO) 1
- Vettel dedicates Hungarian GP win to Jules Bianchi 2
- Vettel storms to victory in Hungary as Hamilton and Rosberg hit trouble 9