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Ellen Forster

200 job losses at Marussia as firm ceases trading

F1 team Marussia has ceased trading nearly two weeks after being placed in administration, making about 200 staff redundant.

Administrators FRP Advisory confirmed the Banbury-based team had folded.

The Oxfordshire team are the second to enter administration recently, as accountancy firm Smith & Williamson took control of the firm behind the Caterham F1 team last week.

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