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Caterham hopes fade as team's remaining assets go up for sale

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The remaining assets of the collapsed Caterham team have been put up for sale, apparently ending hopes they could return to Formula 1 this season.

Caterham went into administration in October last year and administrators have been seeking buyers ever since.

Administrator Finbarr O'Connell told BBC Radio Oxford several auctions, including of the 2014 F1 race cars, will be held in March, April and May.

Read more: Caterham hopes fade as team's remaining assets go up for sale

Marussia team could make Formula 1 return this season

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The Marussia team's chances of returning to Formula 1 this season have increased.

The team ceased trading last November but there is now a plan for them to come out of administration on 19 February and receive new investment.

Administrators FRP Advisory said the company was making "progress towards a longer-term viable solution".

Read more: Marussia team could make Formula 1 return this season

Kimi Raikkonen: Ferrari driver happy with improvements to car

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Kimi Raikkonen believes Ferrari have made significant improvements to the car over the winter.

The 2007 world champion, who was 12th in the drivers' standings last year, finished second quickest behind Sauber's rookie Felipe Nasr on his first day of testing at Jerez.

Raikkonen, 35, completed 92 laps driving the 2015 SF15-T Ferrari car.

"You usually know if a car is good or not, and this year is a completely different story to last year," he said.

Read more: Kimi Raikkonen: Ferrari driver happy with improvements to car

Formula 1: Mercedes, Red Bull & Williams unveil cars at testing

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The first day of pre-season testing for the new Formula 1 season has started at Spain's Jerez track with three leading teams unveiling their cars.

World champions Mercedes, runners-up Red Bull and third-placed Williams showed off their new designs in the pit lane before beginning preparation work.

Eight teams are in Jerez discovering whether the months of design work on revising their machines has paid off.

Read more: Formula 1: Mercedes, Red Bull & Williams unveil cars at testing

Mercedes: Lewis Hamilton and Nico Rosberg test new F1 car

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Lewis Hamilton and Nico Rosberg drove Mercedes' new W06 hybrid at a brief 'shakedown' test at Silverstone on Thursday.

German Rosberg drove the car first before handing over to Britain's world champion Hamilton.

It completed 19 laps before a blizzard forced the team to stop running and will next appear at the first pre-season test at Jerez from 1-4 February.

Read more: Mercedes: Lewis Hamilton and Nico Rosberg test new F1 car


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