Formula One team Manor Racing has gone into administration and will collapse without fresh investment, administrators confirmed to AFP on Friday. Administrators FRP Advisory said there was “a very limited window of opportunity” to save the team before the 2017 season starts with the Australian Grand Prix on March 26. The administration process, which allows insolvent companies to continue running under special measures, affects Manor’s operating company, Just Racing Services Limited .

Donate Now! Help PaddockTalk.com go ad-free in 2017! Former Formula 1 driver Karun Chandhok was hugely impressed with the race-prepared Tesla Model S that will contest the new Electric GT Championship in 2017, after testing the car at Circuit Calafat last week. Chandhok has vast experience across a range of disciplines and in 2010 became only the second Indian driver ever to race in Formula 1, where he contested 11 Grand Prix with HRT and Caterham.

Donate Now! Help PaddockTalk.com go ad-free in 2017! Williams Grand Prix Holdings PLC today announces that Pat Symonds will be stepping down from the role of Chief Technical Officer of WILLIAMS MARTINI RACING at the end of 2016. Pat joined Williams towards the end of the 2013 Formula One season on a three-year contract, and in that time has helped oversee a strong turn around in the team’s performances on the race track, with 14 podiums secured over the past three seasons.