Marussia confirm merger talks with Caterham
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
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.