Sauber Formula 1 chief Monisha Kaltenborn is “working very hard” to secure a title sponsor for the Swiss team as it looks to rebuild following its recent takeover.
Sauber has struggled financially for the past few years, but its long-term future was secured after being taken over by Longbow Finance last month.
Kaltenborn believes that this new-found stability will help in her search for a title sponsor, something Sauber has lacked since the exit of German manufacturer BMW at the end of 2009.
“We are working very hard on [a title sponsor],” Kaltenborn told the official F1 website.
“And that is not easy, but if you can again show stability and confirm that to potential partners, that is in itself a big help.”
Sauber currently sits at the foot of the F1 constructors’ championship without a single point to its name in 2016.
However, Kaltenborn was defiant when discussing the team’s prospects, saying remaining in that position was not a consideration.
“Now that we have a stable basis it is much easier to plan and eventually move back to where we belong: in the midfield,” Kaltenborn said.
“But also to be very honest: finishing in P11 is no option!”