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Oct 23, 2014

Motor racing-Caterham F1 team on brink of failure

LONDON, Oct 23 (Reuters) – The Caterham Formula One team was on the brink of collapse on Thursday with employees locked out of the factory while past and present management traded accusations over who was to blame.

Even if an administrator held out some hope that the team might survive, time was running out with a Saturday deadline looming for the cars to be sent to Texas for next week’s U.S. Grand Prix in Austin and then on to Brazil.

Oct 23, 2014
Oct 23, 2014

Caterham F1 factory closed, team’s fate in the balance

LONDON (Reuters) – Caterham Formula One employees found their factory closed on Thursday but a legal administrator overseeing the property held out hope that the struggling team might still survive.

Finbarr O’Connell told Reuters various parties had approached him to express interest either in the assets or keeping Caterham racing as an F1 team and negotiations were ongoing.

Oct 23, 2014
Oct 23, 2014

Motor racing-Caterham F1 factory closed, team’s fate in the balance

LONDON, Oct 23 (Reuters) – Caterham Formula One employees found their factory closed on Thursday but a legal administrator overseeing the property held out hope that the struggling team might still survive.

Finbarr O’Connell told Reuters various parties had approached him to express interest either in the assets or keeping Caterham racing as an F1 team and negotiations were ongoing.

Oct 23, 2014
Oct 23, 2014
Oct 22, 2014

Motor racing-Crisis deepens at Caterham Formula One team

LONDON, Oct 22 (Reuters) – The Caterham Formula One team looked close to collapse on Wednesday with management threatening to walk away and take legal action against Malaysian founder Tony Fernandes.

An explosive Caterham F1 statement accused Fernandes of never completing a formal transfer of ownership after the team’s sale to secretive Swiss and Middle Eastern investors was announced in July.

Oct 22, 2014
Oct 22, 2014

Caterham management threaten to walk away from F1 team

LONDON (Reuters) – The struggling Caterham Formula One team looked close to meltdown on Wednesday with the new management threatening to walk away and accusing founder Tony Fernandes of never completing a formal transfer of ownership.

A team statement said all options were being explored and indicated legal action would be taken against Fernandes.

    • About Alan

      "I am Reuters London-based motor racing correspondent, writing mostly about Formula One from around the world and covering my first race at Silverstone in 1991. I also report on other sports when not at grands prix."
      Languages:
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