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BREAKING NEWS

F1 team Marussia folds and disappears from the grid

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F1 team Marussia folds and disappears from the grid

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Two weeks after being placed in administration Formula One team Marussia has ceased trading.

The heavily-indebted British-based team failed to find a buyer in time to keep afloat which has lead to 200 redundancies.

Ferrari-powered Marussia will not take part in the two remaining races in Sao Paulo and Abu Dhabi this month.

Marussia – whose driver Jules Bianchi remains fighting for his life after crashing in October’s Japanese Grand Prix – became the second F1 team to go into administration after Caterham.

Their final race was the Russian Grand Prix in Sochi where the team ran just one car in tribute to Bianchi.