British-based Formula One team, Manor, ceased trading on Friday after they failed to find a new buyer. Manor, who employed more than 200 staff and operated out of Oxfordshire, were forced into administration at the beginning of January and although it was hoped that new investment would be found nothing materialized. The team's employees were sent home on Friday and are to be made redundant next week after Manor's operating company, Just Racing Services, stopped trading. Manor's collapse means that only 10 constructors are set to start the new F1 season when it gets underway at the end of March. 'It is deeply regrettable that the team has had to cease trading and close its doors,' said...
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