NASCAR

Marussia confirm merger talks with Caterham

Share This Story

   
 

SEPANG, Malaysia (AP)

The Formula One team Marussia has confirmed it has held merger talks with rival Caterham in the latest sign of the financial struggles faced by the smaller teams on the grid.

Graeme Lowdon, Marussia president and sporting director, said Friday that ''talks took place'' but were not ongoing.

Caterham also confirmed the Christmas 2012 discussion, but spokesman Tom Webb said no deal was reached because ''it was soon clear that a mutually beneficial solution could not be achieved,'' adding it had less to gain from the move, since it has several blue chip sponsors.

Marussia won no points in 2012 and continues to endure financial difficulties. It made headlines earlier this year when Timo Glock left in a cost-cutting move, replaced by a driver who could bring in sponsorship dollars.

Related Stories

Member Comments

Please note by clicking on "Post comment" you acknowledge that you have read the Terms of Use and the comment you are posting is in compliance with such terms. Be Polite. Inappropriate posts may be removed by the moderator.

powered by



NASCAR Videos

Larry’s Notebook: Is Jimmie Johnson Behind the Curve? Posted: Jul 15, 2014
Larry McReynolds weighs in on whether or not the No. 48 will be at a disadvantag...

Larry’s Notebook: Off-Week Blues Posted: Jul 15, 2014
Larry McReynolds weighs in on which teams will benefit the most from the week of...

Winner's Weekend: Brad Keselowski Unstoppable at Loudon Posted: Jul 15, 2014
The biggest issue the No. 2 team faced at Loudon was where to hide the champagne...

Fox Sports Store

    itemName itemURL imageSrc price itemDescription
    Chase Authentics Danica Patrick Big Rig Tri-Blend T-Shirt - Charcoal http://shop.foxsports.com/FOX_Danica_Patrick/browse/featuredproduct/974547/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_974000/ff_974547_xl.jpg&w=100 26.95 Chase Authentics Danica Patrick Big Rig Tri-Blend T-Shirt - Charcoal
    Kyle Busch One Spot Gauge T-Shirt - Black http://shop.foxsports.com/FOX_Kyle_Busch/browse/featuredproduct/1011659/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_1011000/ff_1011659_xl.jpg&w=100 19.95 Kyle Busch One Spot Gauge T-Shirt - Black
    Matt Kenseth One Spot Gauge T-Shirt - Black http://shop.foxsports.com/FOX_Matt_Kenseth/browse/featuredproduct/1011661/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_1011000/ff_1011661_xl.jpg&w=100 9.99 Matt Kenseth One Spot Gauge T-Shirt - Black
    Chase Authentics Carl Edwards 2013 Driver Schedule T-Shirt - Ash http://shop.foxsports.com/FOX_Carl_Edwards/browse/featuredproduct/1041164/source/foxsports_prsp_ca http://images.footballfanatics.com/FFImage/thumb.aspx?i=/productImages/_1041000/ff_1041164_xl.jpg&w=100 24.95 Chase Authentics Carl Edwards 2013 Driver Schedule T-Shirt - Ash