This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/uk-england-oxfordshire-29784602

The article has changed 5 times. There is an RSS feed of changes available.

Version 0 Version 1
Marussia F1 team in administration Marussia F1 team goes into administration
(34 minutes later)
The Marussia Formula One team have gone into administration, it has been confirmed. Marussia have become the second F1 team to be placed in administration within days, it has been confirmed.
Administrators FRP Advisory announced the news less than a week since a firm that builds cars for the Caterham Formula 1 team was also put in administration. Administrators FRP Advisory said the Banbury-based team would will continue to operate but had already withdrawn from the forthcoming US Grand Prix.
Formula 1 boss Bernie Ecclestone had said Caterham and Marussia will both miss the US Grand Prix at the weekend. Caterham, also based in Oxfordshire, was put in administration on Friday and will miss the US and Brazilian races.
Caterham were also granted permission to miss the Brazilian Grand Prix. Marussia driver Jules Bianchi remains in hospital, following a crash at the Japanese Grand Prix, on 5 October.
Marussia driver Jules Bianchi remains in hospital after sustaining serious head injuries in a crash at the Japanese Grand Prix on 5 October. Bianchi sustained serious head injuries when his car was in collision with a tractor recovery vehicle.
In a statement, FRP Advisory confirmed the company, known as Manor Grand Prix Racing Limited and trading as Marussia F1 Team, "will continue to operate while the joint administrators assess the longer-term viability of the company in its present form".
Last week, the company that builds cars for the Caterham Formula 1 team went into administration, putting hundreds of jobs at risk and leading to staff being locked out of the team's site in Leafield.
On Friday, the bosses of Caterham F1 formally agreed to hand over the running of the team to administrators.