Sauber has allayed fears a financial crisis could see the Swiss team exit formula one before the 2013 season is out. A constant presence in F1 since 1993, the Hinwil based squad lost its works BMW backing at the end of 2009 and ever since has been among the sport's struggling privateers. This year, Sauber unveiled an uncompetitive Ferrari-powered C32, but promised to develop and improve it. "For financial reasons, development of the car has stopped," revealed authoritative Swiss correspondent for the Blick newspaper, Roger Benoit. There are rumours bills are going unpaid, and chief designer Matt Morris has already fled to McLaren. Told by Benoit that in February she promised the...
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