JULY 5, 1999
Ferrari and Sauber agree terms for 2000
SAUBER has agreed an extension to its current engine supply deal with Ferrari with the Italians expected to supply the Swiss team with Sauber Petronas-badged V10 engines for a fourth season.
The Ferrari engine deal is a financial strain on Sauber - which is why the team hired Pedro Diniz this year with his rumored $12m of sponsorship - and there are worries at Hinwil that Petronas may split with the team at the end of the current contract, which runs out at the end of the 2000 season. Sauber is talking vaguely to Toyota about some form of a deal for the 2001 season. The Ferrari deal could probably be extended indefinitely - Ferrari is happy to receive the money - but if the team wants to make progress it needs to find a motor manufacturer which is not demanding money.