Company that builds Caterham’s F1 cars put into administration

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Caterham Sports Limited, the company that manufactures the cars for the Caterham Formula One team, has been put into administration.

However, Reuters reports that sources close to the team say the legal action is not expected to impact its racing activities. The rights to the F1 program are held by 1Malaysia Racing Team, an entity separate to CSL.

A senior source told Reuters’ Alan Baldwin: “There should not be a threat. This should not affect the F1 operation because it is a completely separate company.”

The London-based administrators for the CSL matter, Smith & Williamson LLP, have said that discussions have taken place with team principal Manfredi Ravetto and the team’s backers in hopes that “a financially acceptable arrangement for the continuation of the relationship between the Company and the F1 Team” can be reached.

Earlier this month, bailiffs seized a variety of items from the team’s headquarters in Leafield, England. Ravetto promptly played down the event a few days later and insisted that the team had no concerns about payment to its staff or finishing out the remainder of the 2014 World Championship.

Nonetheless, it’s been a rough few months for Caterham after it was sold by former owner Tony Fernandes in July.

In late August, a group of former team employees proceeded to launch their own legal action against the team, and in early September, previous team boss Christijan Albers resigned from his post.

Additionally, at the most recent Grand Prix in Russia, Kamui Kobayashi told NBCSN’s Will Buxton that he was told to park his Caterham car early in the race by team management in order to save mileage.

The team is currently last in the Constructor’s Championship and has not yet scored a single World Championship point since its debut in 2010. Rookie Marcus Ericsson currently has the team’s best finish of 2014, an 11th place showing in Monaco.

Relive the 1911 Indy 500 in living color

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Race fans and historians will have an opportunity to relive the 1911 Indy 500 in color this Sunday, November 25 at 8 p.m. ET.

Airing on the Smithsonian Channel as part of their America in Color series, a colorized version of the first Indy 500 highlights a race that began a tradition more than 100 years old.

The Indy 500 helped establish the auto racing industry and part of the episode deals with the lives of the Ford, Firestone and Edison families.

On board mechanics were a fixture of racing at the time – in part because they also served as spotters. On Lap 90 Joe Jagersberger (running three laps down at the time) broke a steering mount and his rider tumbled onto the track, causing Harry Knight to careen into the pits – which had no wall separating it from the track. Remarkably, no one was killed.

The documentary describes how Ray Harroun likely won because of his use of a rear view mirror that allowed him to drive without an on board mechanic. Innovation in that inaugural race set the tone for racing today.

Harroun beat Ralph Mumford by a margin of 103 seconds in a race that took six hours, 42 minutes to run.