Jun.4 (GMM) Sauber looks to be moving ever closer together with Ferrari.
Already Ferrari-powered, the Swiss team is this year being title sponsored by Alfa Romeo, which like Ferrari is a Fiat Chrysler brand.
It was already conspicuous that Sauber’s new technical boss, replacing the ousted Jorg Zander, will be Simone Resta, who until now was Ferrari’s long serving chief designer.
And now, Handelszeitung reports that Sauber’s ownership has changed.
For the past two years, Sauber has been owned by the mysterious investment company Longbow Finance.
But now, ownership of the Hinwil based team has been moved into a company called Islero Investments.
“Islero Investments has taken over the position of Longbow Finance,” said Longbow’s boss Pascal Picci.
The big rumour is that the change could be a precursor to Alfa Romeo taking over Sauber completely. Handelszeitung said a delegation of Sauber staff is scheduled to visit Ferrari’s Maranello headquarters.
Picci insisted: “Sauber will remain independent for the foreseeable future.”
20/04/2016 Kaltenborn not ruling out Alfa Romeo rumours Apr.20 (GMM) Monisha Kaltenborn has joined Sergio Marchionne in not dismissing speculation Sauber might be snapped up by Alfa Romeo. Marchionne, the Fiat Chrysler and Ferrari president, […]
03/06/2019 F1 insider comments on Renault-Ferrari alliance Jun.3 (GMM) Well-known Ferrari insider Leo Turrini predicts that the Maranello team and Renault are about to align politically in F1.
Fiat Chrysler chairman John Elkann is reportedly […]
18/02/2019 Peter Sauber to watch Alfa Romeo testing Feb.18 (GMM) Peter Sauber will be on-hand to witness the first day of testing since his name was dropped from the official title of the Swiss based F1 team.
Although Sauber Motorsport […]
16/01/2018 Marchionne denies eyeing Ferrari buy-in Jan.16 (GMM) Sergio Marchionne has denied that he has plans to buy into Ferrari after stepping down as Fiat president.
The Italian-Canadian has already announced that he will retire as […]
11/05/2016 Red Bull eyed Alfa Romeo power – Marchionne May 11 (GMM) Red Bull expressed interest in being powered by Alfa Romeo engines in F1.
That is the revelation of Ferrari and Fiat Chrysler president Sergio Marchionne, who said moves are […]
15/02/2016 Alfa Romeo could be works F1 team – Marchionne Feb.15 (GMM) Sergio Marchionne says Alfa Romeo could return to formula one as a works team. Earlier, the Ferrari and Fiat Chrysler chief flagged the possibility of the return to F1 of […]
18/01/2018 Haas-Maserati deal ‘would be good’ – Marchionne Jan.18 (GMM) Sergio Marchionne has repeated his hint that a deal between Haas and Maserati could be on the cards.
Last month, the Ferrari president sealed the deal on a title sponsorship […]
15/12/2015 Alfa Romeo could return to F1 – Marchionne Dec.15 (GMM) Alfa Romeo could return to formula one, Fiat Chrysler president Sergio Marchionne has announced. He was speaking as Ferrari president at the fabled marque's end-of-year […]
06/02/2019 Ferrari parent could now buy Sauber Feb.6 (GMM) Fiat Chrysler could buy the team formerly known as Sauber.
Earlier, it was announced that after more than a quarter of a century on the grid, the Sauber name will be replaced […]