Marussia F1 Team has ceased trading from today, ending hopes that the outfit will be on the grid for the Abu Dhabi Grand Prix at the end of the month.
Although having entered into administration in October, it was hoped that the team would find a buyer and return to the grid for the final Grand Prix of this season, and continue racing in 2015.
However, administrators confirmed that Marussia, rumoured to be trading as Manor in 2015, have ceased trading, making all staff redundant and ending the team’s four-year stint in Formula One.
Marussia this year scored their first points in Formula One when Jules Bianchi finished ninth in the Monaco Grand Prix, in May. The team, particularly Bianchi, began to regularly challenge the teams above them in Qualifying, several times making it through to the second Qualifying session. Bianchi was then critically injured in a freak accident at the Japanese Grand Prix last month, leaving him in a critical but stable condition in a Japanese hospital.
Caterham, Marussia’s back-of-the-field rivals, appear to face a similar fate to Marussia after entering into administration in October. Staff are reportedly working without pay in the hopes they can return to the Formula One grid in Abu Dhabi, or 2015.
Image courtesy of Marussia F1 Team.