Caterham CEO Resigns

After only 9 weeks of taking over as CEO and Team Principal of the Renault-powered Caterham F1 Team, Christijan Albers has resigned. Albers had taken over for former owner, Tony Fernandez who sold the team a few months ago.

Manfredi Ravetto stepped in upon Albers' departure with effect taken immediately.

While Albers was extremely descriptive on why he was parting ways, he however did put out the following:

"Due to private reasons and in order to be able to spend more time with my family, I will resign from my position as CEO of Caterham F1 Team. I wish the team all the best in the future."

Caterham currently stands 11th in the 2014 Constructors Standings and has not scored any points between the two current drivers, Kamui Kobashi from Japan and Marcus Ericsson from Sweden.

More to come.

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Article Written By: Amy Hawk.
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Sauber gets new partnerships & New driver for 2014.

Sauber announced last night that they have a new partnership with three Russian companies.This is good news since the team had been low on funding lately, and has had a big financial issue this year. The partnership is with the Investment Cooperation International Fund, The National Institute Of Aviation Technologies and The State Fund Of Development of North-West Russian Federation.

Sauber also announced that they have signed 17 year old Sergey Sirotkin for the 2014 season. No word on which driver will not be sticking around. Sergey is still in his first season with Formula Renault 3.5, and his best result so far has been Second place. 

The partnerships apparently have a lot to do with next year's Russian GP in Sochi.


Article Written By: Amy Hawk.