SAO PAULO (Reuters) - The British-based Marussia Formula One team reached the end of the road on Friday with some 200 staff told the company had ceased trading and they were being made redundant.
Administrators FRP Advisory announced the closure in a statement, saying the team had "no sustainable operational or financial structure in place to maintain the Group as a going concern.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!