Marussia Motors

In 2010, it acquired a "significant stake" in the Virgin Racing Formula One team, which was later renamed Marussia F1. The team competed in F1 from 2012 to 2014. In April 2014, the Marussia Motors company was disbanded, with staff leaving to join a government-run technical institute. The Marussia F1 team continued unaffected as a British entity, independent of the Russian car company. However, on 7 November 2014 the administrator announced that the F1 team had ceased trading.

Marussia Motors

In 2010, it acquired a "significant stake" in the Virgin Racing Formula One team, which was later renamed Marussia F1. The team competed in F1 from 2012 to 2014. In April 2014, the Marussia Motors company was disbanded, with staff leaving to join a government-run technical institute. The Marussia F1 team continued unaffected as a British entity, independent of the Russian car company. However, on 7 November 2014 the administrator announced that the F1 team had ceased trading.