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Struggling Marussia - time to give up?

LONDON, England - Marussia's hopes of rising from the dead to race in the 2015's Formula 1 season-opener in Australia on March 15 have had another setback with rivals rejecting a proposal to let itcompete with its 2014 car.

Wheels24 reported on the story earlier in the week.

F1's commercial supremo Bernie Ecclestone told the Independent newspaper: "It needed all the teams to agree and there were three or four of them that didn't.

"Maybe the other teams would have liked to use last year's car. The trouble was that you can't do these things for one team, you have to do it for everybody."

TEAMS MEET IN PARIS

F1's strategy group, which currently comprises Mercedes, Red Bull, Williams, Ferrari, McLaren, Force India and the governing International Automobile Federation and commercial-rights holders, met in Paris on Thursday (Feb 5).

Its decisions have yet to be approved by the federation's Formula 1 Commission, usually a formality.

Marussia went into administration and ceased trading in October 2014, missing the last three races of 2014. Despite its absence, the team still finished ninth overall and ahead of Sauber and Caterham.

That position, as well as 10th in 2013, means the outfit will still be in line for the equivalent of R519-million in prize money.

The team has paid its entry fee for 2015 - as Manor Grand Prix - and plans to come out of administration on February 19 via a Company Voluntary Arrangement (CVA) agreed by creditors. Thuogh that, too, is uncertain.

Stay with Wheels24 for the 2015 F1 season – fresh reports every day.

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