Marussia team now separate from car brand
9 April 2014 – The Marussia Formula 1 team is no longer owned by Marussia Motors, after the sportscar brand's closure.
Russian media previously reported that Marussia Motors, which took a majority stake in the outfit when it was known as Virgin Racing in 2010, had shut down and that staff are to join a government-run technical institute.
When contacted by GPUpdate.net on Wednesday, a Marussia team spokeswoman stressed that while the situation at Marussia Motors is unfortunate, it has no bearing on the Formula 1 operation moving forward.
"The news is unfortunate for those concerned and we wish its employees well for the future," explained the spokeswoman. "The supercar project was ambitious, but it is disappointing that it was unable to get to market.
"There is no impact whatsoever on the Formula 1 team's operation. There is no link between the two companies financially or technically. The F1 team has been an independent operation for some time."
Marussia currently sits 10th out of 11 teams in this year's standings, ahead of key rival Caterham.