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F1: Peter Sauber admits he needs an investor

8-8-2010

by Auto123.com

From GMM

Reports are linking Peter Sauber to a majoi Mexican investor.

In the wake of former owner BMW's F1 departure, the Swiss team has been running a mainly blank livery in 2010, whilst working hard on securing a full budget for next season.

Recent paddock rumours have hinted at talks with Carlos Slim, the Mexican billionaire.

Slim's Telmex company already sponsors Sergio Perez in GP2, but already under contract at Sauber is another Mexican, the teenaged GP3 driver Esteban Gutierrez.

"We think he's a very promising talent and we'll continue with him," said Sauber's managing director Monisha Kaltenborn recently.

Her boss Peter Sauber told Auto Bild Motorsport: "We need an investor, we need sponsors, I need to bring stability to the team.

"I do not want to sell," he insisted.