Marussia Formula One driver Max Chilton (R) of Britain and and Mercedes driver Nico Rosberg of Germany drive during the first free practice session of the Russian F1 Grand Prix at the Sochi Autodrom circuit October 10, 2014. REUTERS/Maxim Shemetov
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.
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