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Sauber: 'We're in trouble'

2013-06-30 16:02

Formula 1 team Sauber is in financial trouble but remains optimistic that it will complete the  2013 season, said team principal Monisha Kaltenborn.

Kaltenborn said: "It is true, we are in trouble presently but we will get out of it again. We will definitely complete the season."

OUTSTANDING BILLS

Kaltenborn did not want to comment on speculation about outstanding bills.

The difficulties of the team are seen on the car which has a lot of unused advertising space.

Kaltenborn said "we are in talks with a potential partner" and "on a good way," amid speculation that the partner is Russia's gas company Gazprom.

Things have also below par for Sauber on the track as they rank a modest eighth in the constructors' standings with five points from seven races.

Chief designer Matt Morris left Sauber ahead of the 2013 British Grand Prix for McLaren, and the lack funds have forced the team to stop further development of the car.

Reuters