Financially-troubled Formula One team Caterham has been granted permission to miss the next two races while it seeks a new buyer. F1 boss Bernie Ecclestone spoke Friday to the insolvency specialists who have been handed control of Caterham, which may have to miss the races in the United States and Brazil in the coming weeks. Administrator Finbarr O'Connell closed the team factory in the English county of Oxfordshire on Thursday, but is hopeful Caterham can be saved before this season ends on Nov. 23 in Abu Dhabi. 'Mr Ecclestone agreed to support the administrators in their wish to sell the Formula One team to a party with the financial strength to sustain it into the future,' a statement...
Full Story »