Oct 4, 2013, 6:00 PM EST
It has been confirmed that Ferrari will continue to supply Sauber F1 Team with engines for the foreseeable future despite the Swiss team encountering some financial difficulties in the past few months.
Sauber had appeared to be on the verge of financial ruin earlier this year, but it was confirmed that fresh investment had been secured via a number of Russian companies on the condition that eighteen-year-old Sergey Sirotkin was given a full-time race seat for next season.
Although it was assumed that Sauber and Ferrari would extend their partnership into a fifth season in 2014, the news was not made official until today.
“We are proud to extend our relationship with such a prestigious and renowned brand and look forward to entering the 2014 season with a strong and reliable partner like Ferrari,” team principal Monisha Kaltenborn explained.
This confirms that Ferrari will have two customer teams in 2014, also supplying backmarkers Marussia with power units. Scuderia Toro Rosso have opted to switch to Renault engines in order to be closer to ‘parent’ team Red Bull, thus ending their current deal with Ferrari at the end of the season.
- NASCAR Media Tour Content Recap: All posts, one place 0
- Gridiron Challenge: NASCAR drivers take football stars for a spin (VIDEO) 0
- Hall of Fame Induction Ceremony headlines 6.5 hours of NASCAR on NBCSN 0
- Ferrari reveals SF15-T for 2015 Formula 1 season 2
- Sauber aims to beat the blues of 2014 with C34’s launch 0
- Track executive arrested, charged with lewdness with 19-year-old 0
- Why Hendrick won’t retire the No. 24 8