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Marussia Motors Dispenses With F1 Team - Spokesperson

20:43 08.04.2014 (Last updated 20:44 08.04.2014)

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  • Marussia in action at the Bahrain Grand Prix 2014

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MOSCOW, April 8 (R-Sport) - Marussia Motors has ditched its carmaking operations and relinquished ownership of the Marussia Formula One team, team spokesperson Tracy Novak told R-Sport on Tuesday.

Russian carmaker Marussia Motors took a majority stake in the then-Virgin F1 team in 2010, in what at the time was billed as a way for the Russian company to market its B1 and B2 supercars to prospective buyers around the world.

However, that plan appears dead after Novak said the supercar projects were no longer operational. She insisted the change would not affect the running of the F1 team.

“The supercar project was ambitious, but it is disappointing that it was unable to get to market,” she said in e-mailed comments.

"There is no impact whatsoever on the Formula 1 team’s operation," Novak added.

Instead of Marussia Motors, another company, Marussia Communications Limited, now owns the team, she said. No change of ownership has been reported previously.

"There is no link between the two companies (Marussia Motors and Marussia F1 Team) financially or technically," Novak said. "The F1 team has been an independent operation for some time.”

"The F1 team has had a positive start to the 2014 season and looks forward to continued success in the pursuit of its racing ambitions.”

Novak refused to comment when any change of ownership took place or whether Marussia Communications was the same entity as a company of that name apparently registered in Dublin, Ireland.

Marussia has long been reported to be short of funds but has started the 2014 season in stronger form than last season. So far this year, the team has won no points, but driver Max Chilton’s two 13th-place finishes match its best result from last year.

Staff of Marussia Motors in Moscow have reportedly left the company en masse and joined a government-run technical institute.

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