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Administrators are now managing the small Marussia Formula 1 team.

Just days after Caterham's management accepted the same fate, UK insolvency experts FRP Advisory have taken over Manor Grand Prix Racing Limited, which in F1 is known as Marussia.

In a statement, FRP Advisory said Marussia's current owner Andrey Cheglakov is "unable" to continue funding the team.

The statement confirmed that it is financially "not viable" for the team to race in Austin this weekend.

As for the last two Grands Prix of 2014, in Brazil and Abu Dhabi, whether Marussia returns depends "on the outcome of the administration process and any related negotiations with interested parties in what is a very limited window of opportunity", the administrators added.

"No redundancies have been made following the Company's entering into administration and all staff have been paid in full to the end of October. The ongoing staff position will however be dependent on whether the Company can secure new investment in the limited time available.

"We remain highly focused on engaging with interested parties."

The Telegraph has reported that British-Indian steel industry brothers Baljinder Sohi and Sonny Kaushal are lining up as potential buyers. They apparently have made a 70m euros ($88m) offer for the team.

Following the publication of a news last week by several web sites, German car manufacturer Audi came into play and denied the whole thing.

The report, citing sources at Audi, claimed that the constructor, winner of 13 of the past 16 24 Hours of Le Mans races, was considering ditching its endurance and DTM programs to race in F1 with Red Bull financial backing.

"Audi in Formula 1?" Audi Sport wrote on its Facebook page. "These rumours keep appearing with regularity since years.

"It's pure speculation again this time and without any foundation. We are committed to the FIA WEC, DTM and GT racing. In 2015 we will add the Audi Sport TT Cup to our program."

Audi Sport boss, Dr. Wolfgang Ullrich has always been a big fan of endurance racing while being opposed to any F1 project.

However, the VAG group needs to clearly explain why it lets Audi fight against Porsche - a sister brand of the company - in endurance racing.

Wolfgang Ullrich, Audi Sport. (Photo: Audi Motorsport)

From GMM

An experienced F1 recovery vehicle driver in Brazil has defended his Japanese colleagues in the wake of Jules Bianchi's horror crash.

Brazil's Globo Esporte says Rafael Ricciardi has been driving the vehicle charged with removing stricken cars from the Interlagos circuit near the pit exit for four years running.

Marussia racer Bianchi is fighting for his life after striking a nearly identical vehicle at Suzuka during the recent Japanese grand prix, but Ricciardi insisted: "Have no fear, everything is safe. What happened in Japan is just part of the risk of racing.

"In terms of the rules, there was no problem, the procedure that had to be done was done. What happened (with the actions of the marshals) in Suzuka was right," he said.

"An accident never has one cause, it is always a combination of circumstances. Formula one will never be 100 per cent safe," Rafael Ricciardi added.

Jules Bianchi's crash in Japan. (Photo: WRi2)

American Formula 1 fans will fail to see two teams, Caterham and Marussia, and four drivers in action at Circuit of the Americas in Austin, Texas this weekend.

Both Marussia and Caterham are facing serious and deep financial problems, and are now run by administrators. The two teams confirmed they will miss the United States and Brazilian Grands Prix.

"Unfortunately, due to team's situation, I will not able to race in United States GP and Brazilian GP," wrote Caterham driver, Japanese Kobayashi on his official Facebook page. "I am very sorry for the fans looking forward those races.

"While I am carefully observing the situation, I will evaluate possibilities and make best choice for my future."

Kobayashi's teammate, Marcus Ericsson, also feels sorry.

"Turbulent times. A lot of things going on at the moment," the Swede wrote on Twitter.

"But I'm pushing on as usual and keeping my spirit high. Thanks to all my amazing fans for all your support."

Photo: Caterham F1 Team

From GMM

Carlos Sainz jr is convinced he should be handed his F1 debut by backer Red Bull.

The 20-year-old is the newly crowned champion of the highly rated Formula Renault 3.5 series, but he was overlooked by Red Bull for a guaranteed seat at the junior team Toro Rosso for 2015.

Red Bull decided instead to fast-track the F1 promotion of teenage F3 sensation Max Verstappen.

It means Spaniard Sainz is now clinging to hope he will be picked to be fellow rookie Verstappen's teammate next year, even though keeping the experienced Jean-Eric Vergne for another season now appears the safer bet.

Sainz, whose father and namesake is the world rally legend, sounds increasingly impatient as he waits for Red Bull's decision.

"I think I deserve the seat," the young driver told the Spanish daily Marca, "and anything other than a seat at that level would bother me a bit.

"Max was third in his championship (European F3), which was won by another rookie," said Sainz.

He is referring to 18-year-old Frenchman Esteban Ocon, who according to Lotus performed "exceptionally" during his F1 test debut at Valencia last week.

And "I'm at the level above that," Sainz, the new Formula Renault 3.5 champion, insisted.

"I'm the youngest in history and I've won it with record wins and fastest laps. If Verstappen deserves that (Toro Rosso) seat then I deserve it even more," he added.

Carlos Sainz Jr, Champion Formula Renault 3.5 2014. (Photo: WRi2)

The Chrysler brand is expanding the evolution of its "Imported from Detroit" theme with four TV commercials touting the 2015 Chrysler 200.

For the second time this year, a long-standing defect linked to deaths and injuries has triggered a mushrooming auto-safety crisis, lending more fuel to criticism that federal regulators haven't done enough to protect consumers from such dangers.

The Jaguar XE's likely best-selling model, the XE 2.0-liter diesel sedan, will start at 29,775 pounds (37,713 euros) in the UK, topping the price of rival BMW's equivalent model, the 320d Efficient Dynamics sedan, by 1,000 pounds.

The Jaguar XE's likely best-selling model, the XE 2.0-liter diesel sedan, will start at 29,775 pounds (37,713 euros) in the UK, topping the price of rival BMW's equivalent model, the 320d Efficient Dynamics sedan, by 1,000 pounds.

Hyundai says it is considering adding new body styles for the i20 subcompact that could include a station wagon to compete against cars such as the Skoda Fabia wagon and Peugeot 208 SW.

From press release

José María López became the first Argentinian driver to win a world championship since the great Juan Manuel Fangio, Sunday in Suzuka.

López secured his first WTCC title with a perfect Race 1, taking another win (the 9th, equalling Muller's record of most wins in a season set in 2012).

The Argentinian kept his cool in this crucial race and left no room to calculations. Making a perfect use of his pole position, he took a good start and made no mistake.

Photo: WTCC

Muller, the only one who could take the title away from López, stayed within striking distance during several laps. But an untimely puncture forced him to the pits.

The real battle therefore was for second, between the Chevrolet cars of Chilton and Valente, with the Frenchman passing the Brit in the early stages and bound to keep the position before being passed by Chilton, Sébastien Loeb, Norbert Michelisz in the penultimate lap.

The new champion was greeted in victory lane by Argentinian music and flags, with the mechanics also wearing the Argentine national soccer team's shirts.

Audi driver Mattias Ekström scored two consecutive victories to end the DTM season on a positive note. He is now looking forward to doing absolutely nothing over the coming weeks.

Ekström visited the podium on a total of five occasions, last year during his 14th season in the German touring car series. He finished runner-up to the young BMW driver Marco Wittmann, who clinched his first career title.

"It was a great ending with two victories for me and the manufacturers' title for Audi that we clinched in a strong final sprint," said the Swede. "On the other hand, it's good that the clock's now being reset to zero."

Mattias Ekström, Audi RS 5 (Photo: WRI2)

Indeed, finishing second is always difficult for a racing driver. So Ekström's plan is to take a break now in order to start fresh in 2015.

Taking a break for the Swede means enjoying his longest ever winter vacation.

"For starters, I'm going to put my feet up on my sofa, doing nothing," he admits.

"(Then) I'm going to play in the snow with my family, relax in front of a fireplace at night and build lots of Lego cars in between."

From WRC.com

Frenchman Sébastien Ogier won by 11.3 seconds over his Volkswagen teammate Jari-Matti Latvala in Spain, to seal the championship with one round remaining.

Ogier built a comfortable lead on the first full day of the mixed-surface event. Latvala, who was disappointed with his speed on that gravel leg, attacked hard during the final two days on asphalt but an unflustered Ogier measured his pace perfectly.

His only scare came on Saturday afternoon when he drove 20km with a damaged tyre, fearful it would deflate and require him to stop and replace it.

Sébastien Ogier, VW Polo R WRC (Photo: WRI2)

"It's a great achievement to win one title but even better to take a second," said Ogier, after embracing his parents at the finish of the final stage. "It's a confirmation and proves the first title was not a one-off.

Ogier's victory was the 23rd of his career and Volkswagen's 11th of the season, equaling the record set by Citroen in 2005 and 2008.

From GMM

Marussia looks set to join Caterham in entering administration, the Daily Mail reports on Sunday.

After Bernie Ecclestone said he will allow the struggling backmarkers to sit out the next Austin-Brazil double header, F1 business journalist Christian Sylt now reveals Marussia's operating company has "filed a notice with the High Court saying that it intends to appoint an administrator".

It leaves F1 supremo Ecclestone in the awkward situation of no longer being able to guarantee race promoters a minimal grid of 20 cars.

The solution could be a rule written into teams' commercial contracts with Ecclestone that forces big teams to supply third cars to F1's most struggling outfits.

Max Chilton, Marussia MR03 (Photo: WRI2)

"So if, for example, Sauber disappeared, a team could do a deal with Sauber," Ecclestone told Sylt.

"Ferrari could say 'We will give you a car, all that goes with it, and we want you to put this sponsor on it. You have your own sponsors but we want you to include this one as well and we want you to take this driver'," he explained.

"The team wouldn't have to go under then would they? If Red Bull decided they would give a car to Caterham for example that could solve their problem."

But even though the grid looks set to fall to just 18 cars immediately, Ecclestone said the controversial measure will not necessarily come in now.

"We don't have to introduce a third car at this stage because they (Caterham and Marussia) can miss a couple of races.

"They lose any money they would have got for those races but they don't lose their position in the championship," he said.

From press release

It was yet another difficult outing for Canadian Leo Urlichich in the fifth and final round of the Drive DMACK Fiesta Trophy, this week-end as part of the Rally Spain.

"Crazy Leo" misjudged his breaking point and smashed his Ford Fiesta R2 into a bridge on stage 10, forcing him to retire.

Enjoying better fortune, 22-year-old Estonian Sander Pärn and his Welsh co-driver James Morgan secured the title with a measured drive.

Their reward is a seven-round programme in the 2015 FIA WRC 2 championship driving a Ford Fiesta R5.

Pärn had taken a 29-point advantage into the final round which his championship rival Tom Cave was unable to overhaul.

Pärn said: "It's an incredible feeling. We came to this rally knowing we must finish so really it's been quite difficult to judge the pace. I must give a big thanks to all my supporters from Estonia and my family.

"James and myself have had a really great season, pushing when we could and backing off when we needed to. This prize is a great way to move forward from here."

Porsche's experience of recovering from the brink of insolvency two decades ago to become a profit engine for Volkswagen has helped it with the development of a consultancy business with a growing list of high-profile clients.

The owner of a Hyundai Genesis with a sunroof that repeatedly opened and closed on its own has won a new trial in his lawsuit against Hyundai Motor America and the California dealership from which he leased the car.

Warren Buffett's entry into automotive retailing may mean more overall competition for acquisitions, but public dealership groups expect no interruptions to their growth plans.

Despite slowing sales growth in China, General Motors is doubling down on the country with a bold expansion plan that could make it Cadillac's biggest market within six years.

Porsche's experience of recovering from the brink of insolvency two decades ago to become a profit engine for VW Group has helped it with the development of a consultancy business that has a growing list of high-profile clients.