F1 »

Kaltenborn: It’s not the ideal situation

Sauber team principal Monisha Kaltenborn admits that the current financial situation the team finds itself in 'isn't ideal'
Team principal Monisha Kaltenborn admits that Sauber's current financial situation 'isn't ideal' but has insisted the Swiss outfit will rebound from its current problems.

Speculation suggesting that the team had hit cashflow problems emerged over the course of the past week, with reports that suppliers had gone unpaid and that lead driver Nico Hulkenberg had also gone without his wages.

Speaking prior to the German weekend, Hulkenberg told reporters he was confident that the situation would be resolved soon by team bosses, and Kaltenborn insisted there was light at the end of the tunnel.

"We have very openly said we are going through a difficult time but we are confident we will be out of it soon," she told ESPN. "That's it, there is nothing more to say. Clearly when you have limited resources you cannot develop as much as you want to and that's it.

"It's never ideal, but I don't think we are jeopardising next season."

The introduction of new engine regulations for next year has left teams facing larger bills for their powerplants for next year, and Kaltenborn added that – with that in mind – it was important for teams to try and stick together to ensure the future of the smaller outfits on the grid.

"We all endorsed these changes and what we should really do is not wait until it is too late for some teams," she said. "In many situations we always wait for something to happen and then react, but in this case there are so many teams struggling that I think we should really do something about it before anything happens. We shouldn't always wait for the big bang."

Team owner Peter Sauber meanwhile said he found the current situation to be 'embarrassing' as the team waits to find a solution - with a new deal reported to be in the pipeline that would resolve the current problems.

"It is very difficult at the moment," he told Sportpanorama. "Our resources are very limited and the situation is uncomfortable and embarrassing.

"It is affecting not only the development of the car, but also the suppliers.

"For the large part, we are being met with understanding, but it is very stressful for us and in many regards painful."




Related Pictures

Click on relevant pic to enlarge
19.04.2013- Press conference, Monisha Kaltenborn (AUT), CEO and Team Principal, Sauber F1 Team
19.04.2013- Free Practice 1, Monisha Kaltenborn (AUT), CEO and Team Principal, Sauber F1 Team
07.06.2013- Friday Press Conference,  Monisha Kaltenborn (AUT) Sauber Team Principal
22.03.2013- Monisha Kaltenborn (AUT) Sauber Team Principal
20.07.2014- Race,  The Podium: winner Nico Rosberg (GER) Mercedes AMG F1 W05, 2nd Valtteri Bottas (FIN) Williams F1 Team FW36, 3rd Lewis Hamilton (GBR) Mercedes AMG F1 W05
20.07.2014-  Team Mercedes AMG F1 celebrates the victory of Nico Rosberg (GER) Mercedes AMG F1 W05 and the 3rd place of Lewis Hamilton (GBR) Mercedes AMG F1 W05
20.07.2014- Race, Esteban Gutierrez (MEX) Sauber F1 Team C33
20.07.2014- Race, Nico Rosberg (GER) Mercedes AMG F1 W05
20.07.2014- Race, Adrian Sutil (GER) Sauber F1 Team C33 stop on the track
20.07.2014- Race, Nico Rosberg (GER) Mercedes AMG F1 W05
20.07.2014- Race, Nico Hulkenberg (GER) Sahara Force India VJM07
20.07.2014- Race, Nico Rosberg (GER) Mercedes AMG F1 W05
20.07.2014- Race, Adrian Sutil (GER) Sauber F1 Team C33 return to the garage after the retire
20.07.2014- Nico Rosberg (GER) Mercedes AMG F1 W05
20.07.2014- Race,  The Podium: winner Nico Rosberg (GER) Mercedes AMG F1 W05, 2nd Valtteri Bottas (FIN) Williams F1 Team FW36, 3rd Lewis Hamilton (GBR) Mercedes AMG F1 W05
20.07.2014- Race, Nico Hulkenberg (GER) Sahara Force India VJM07
20.07.2014- Race,  The Podium: winner Nico Rosberg (GER) Mercedes AMG F1 W05, 2nd Valtteri Bottas (FIN) Williams F1 Team FW36, 3rd Lewis Hamilton (GBR) Mercedes AMG F1 W05
20.07.2014- Race, Nico Hulkenberg (GER) Sahara Force India VJM07

Join the conversation - Add your comment

Please login or register before adding your comments.

Although the administrators and moderators of this website will attempt to keep all objectionable comments off these pages, it is impossible for us to review all messages. All messages express the views of the poster, and neither Crash Media Group nor Crash.Net will be held responsible for the content of any message. We do not vouch for or warrant the accuracy, completeness or usefulness of any message, and are not responsible for the contents of any message. If you find a message objectionable, please contact us and inform us of the problem or use the [report] function next to the offending post. Any message that does not conform with the policy of this service can be edited or removed with immediate effect.


LJ

July 09, 2013 5:27 PM

It's a shame to see Peter's team going through such hardship, especially considering the solid job he did rescuing the team after BMW pulled out. I'm not sure why they're still struggling though, they brought in James Key to help them restructure and then they got rid of him after he'd help developed the successful 2012 car. They obviously thought they had learned all they needed from his restructuring.. If they're struggling now, what will they do when the engine prices go up from next year? And what was the point of bringing Gutierrez in this year if they're doing worse financially? We all assumed Carlos Slim was bankrolling the operation.



© 1999 - 2014 Crash Media Group

The total or partial reproduction of text, photographs or illustrations is not permitted in any form.