News Details

Unpaid Ferrari could switch off Sauber engines

By Editor on Monday, July 15, 2013 Embattled Sauber could have its engine power switched off permanently on the day after the forthcoming Hungarian grand prix. Germany's Die Welt newspaper reports that the Swiss team is now EUR 15 million behind in its due payments to customer engine supplier Ferrari. The report said Ferrari has issued Sauber an ultimatum: pay at least EUR 8 million of the overdue bill by 29 July – the first day of the ‘summer break' – or have the supply of 2.4 litre V8 engines switched off. Peter Sauber told the Swiss newspaper Sonntagsblick: 'That's nonsense.' But if it does happen, the Hinwil based team – reportedly in debt to the tune of almost...
Full Story »
12y ago from F1Zone.net 0
Share

You May Also Be Interested In...

Sauber boss says Ferrari will not stop engine supply...

Sauber boss says Ferrari will not stop engine supply due to unpaid bills...
12y ago from GrandPrix247.com

Unpaid suppliers file claims against cash strapped...

Unpaid suppliers file claims against cash strapped Sauber 12 July, 2013...
12y ago from GrandPrix247.com

Fangio’s Mercedes sold for £17.5 million

A Mercedes W196 driven by five-time Formula One world champion Juan Manuel...
12y ago from GPUpdate.net

Unpaid suppliers file claims against ailing Sauber

The depths of Sauber's financial problems are now beginning to emerge....
12y ago from F1Zone.net

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

Ex-Arsenal and Chelsea icon would be open to Tottenham...

Former Arsenal and Chelsea midfielder Cesc Fabregas is open to taking the...
3h ago from CaughtOffside.com

Rosenior has talent to be Chelsea’s answer to Arteta...

atility and unusual structure at Stamford Bridge leave club’s young...
3h ago from TheGuardian.com

'Then gaps will appear' - John Terry explains how...

Premier League Hall of Famer John Terry has told Chelsea how to get the...
4h ago from SportsKeeda.com

Arsenal sent strong 100 million message amid links...

Mikel Arteta's Arsenal have suffered a massive blow in their pursuit of...
4h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.