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.
Apr 26, 2015, 4:43 PM EDT
We’re halfway at Barber, with Graham Rahal the leader at Lap 45 and pit stops underway.
Apr 26, 2015, 2:30 PM EDT
Meeke becomes the first British driver to win in the WRC in 13 years.
Apr 26, 2015, 2:29 PM EDT
Results from the Indy Lights’ series second race at Barber Motorsports Park
Apr 26, 2015, 2:00 PM EDT
Watch the fourth round of the IndyCar season, from Barber Motorsports Park, at 3 p.m. ET on NBCSN and NBC Sports Live Extra.
Apr 26, 2015, 1:15 PM EDT
Lotus youngster beats Nyck de Vries in a truncated second race of the Formula Renault 3.5 season.
Apr 26, 2015, 12:30 PM EDT
What to watch for ahead of Round 4 of the Verizon IndyCar Series season, the Honda Indy Grand Prix of Alabama at Barber Motorsports Park.
Apr 26, 2015, 12:00 PM EDT
Marquez undergoes minor surgery on his left hand, and is in doubt for next weekend’s Spanish Grand Prix at Jerez.
Apr 26, 2015, 10:40 AM EDT
Mick wins the third and final race of the first ADAC F4 weekend of the year at Oschersleben in Germany.
Apr 26, 2015, 9:30 AM EDT
45 delegates from the FIA had been attending the first Asia-Pacific Sport Regional Congress in Kathmandu, Nepal, on Saturday.
Apr 26, 2015, 8:30 AM EDT
The Coca-Cola signage isn’t limited to Scott Dixon’s car this weekend.
Apr 25, 2015, 7:11 PM EDT
Second in qualifying a good day at the office for Will Power, as he’s in search of his first win of the year.
Apr 25, 2015, 6:42 PM EDT
Davey Hamilton will have a one-off day back behind the wheel of a current day IndyCar, filling in for Townsend Bell at next week’s IndyCar open test at the Indianapolis Motor Speedway.
Apr 25, 2015, 6:33 PM EDT
Spencer Pigot dominates Indy Lights flag-to-flag in first race of weekend at Barber.
Apr 25, 2015, 5:57 PM EDT
Castroneves bags the pole for IndyCar’s fourth round at Barber.
Apr 25, 2015, 4:30 PM EDT
A surprise in Spain for Rowland as on-track winner Meindert van Buuren is hit with a time penalty for jumping the start.
Apr 25, 2015, 3:15 PM EDT
Audi no. 8 driver pleased with the team’s pace at Silverstone and in the recent test at Paul Ricard.
Apr 25, 2015, 2:33 PM EDT
Power on top in second IndyCar practice at Barber.
Apr 25, 2015, 1:45 PM EDT
Spanish rider was sidelined following the Qatar Grand Prix due to an arm pump injury.
Apr 25, 2015, 12:15 PM EDT
Preview the track that will host the next Formula E race on May 9.
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- WATCH LIVE: Honda Indy Grand Prix of Alabama at 3 p.m. ET on NBCSN, Live Extra 0
- What to watch for: IndyCar at Barber (3 p.m. ET, NBCSN and Live Extra) 0
- Michael Schumacher’s son Mick victorious on debut ADAC F4 weekend 1
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- WSR: Rowland wins Formula Renault 3.5 season-opener at Motorland Aragon 0
- Preview: Barber marks end of IndyCar’s first quarter of 2015 (VIDEO) 0