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A mystery investor is reportedly swooping in at the last minute to save the Marussia F1 team from bankruptcy in time to get it back on the grid for the 2015 Formula One World Championship.

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The latest update from the family of injured Formula One driver Jules Bianchi indicates that he is no longer in the intensive care unit at a French hospital. He is now in a rehabilitation center to begin therapy to improve his condition. Bianchi is still unconscious but is breathing on his own.

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In racing, there are the haves and the have-nots. Marussia is sliding into the latter category, but its demise now means that Haas has a European base of operations for its new American F1 team.

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The holiday shopping season is in full swing, and maybe you have someone on your list who already seems to have everything. Never fear, an upcoming auction from the now-defunct Marussia Formula 1 Team might be just the ticket for your hard-to-shop-for racing fan.

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Toward the end of the Japanese Grand Prix in early October, Marussia driver Jules Bianchi crashed into a recovery truck that was removing Adrian Sutil's Sauber from the circuit. Taken to the Mie Prefectural General Medical Center for care, the Frenchman had been in an artificial coma for the past seven weeks while doctors attended to his severe head injuries.

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Octogenarian billionaire, briber and Bond villain caricature Bernie Ecclestone is not popular with the fans of the sport he oversees with an iron fist, and somehow, we don't think that's set to change after the 84-year-old gave a pretty wide-ranging interview with Campaign Asia-Pacific.

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It looks like the 2014 FIA Formula One World Championship will wrap up with two fewer teams than it started. First the Caterham F1 team declared bankruptcy amidst an ownership dispute, and now the Marussia team has gone into bankruptcy administration as well.

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Racing fans looking forward to seeing a full grid of Formula One cars at the United States Grand Prix in Austin, Texas, next week may be disappointed to learn that two teams (for a total of four cars) will not be competing this year.

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"Diffuse axonal injury is usually associated with a somber prognosis." – Dr. Gary Hartstein

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UPDATE: F1 appears to have successfully blocked video footage of Bianchi's crash from appearing on YouTube, as the footage we previously had available for viewing has been pulled. You can read more about the racing series' efforts to get video providers to expunge images of the accident in our related story here.

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Safety in Formula One racing has come a long way over the past few decades, but accidents still do occur. And when they do, we're reminded of the inherent dangers involved in such a fast-paced form of motorsport.

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Americans are the Rodney Dangerfields of the modern Formula One driving ranks; they don't get any respect. We recently reported on 22-year-old Alexander Rossi being tapped by Marussia as a replacement for Brit Max Chilton for this weekend's upcoming Belgian Grand Prix. He would have been the first American driving in an F1 race since Scott Speed in 2007, but less than 24 hours after getting the nod, Rossi has apparently been re-replaced by Chilton.

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For the first time since July of 2007, an American driver will take to the grid for a race in the Formula One World Championship. That man will be 22-year-old Alexander Rossi, a Californian widely touted as the next great hope for American F1 fans following his steady climb through the open-wheel ranks.

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American fans of Formula One racing have a new team to root for as the Marussia F1 Team has named Alexander Rossi as its official reserve driver for the remainder of the season.

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Russian media outlet R-Sport reports that sports car maker Marussia Motors has stopped making road cars and its employees in Moscow have "left the company en masse and joined a government-run technical institute." That suggests there won't be an evolution of the Cosworth-powered B2, the firm's second sports car that, two years ago, supposedly sold out its limited-to-500 run. That also suggests the F2 SUV and all those extra models have also been called in to meet the dodo.

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When we think of Formula One, we think of the pinnacle technology - massive operations designed for the sole purpose of building very fast cars. We don't often think of security for all that technology, though. Neither, apparently, did the hapless Marussia F1 team, which lost an entire day of testing data this week due to a computer virus.

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Maria De Villota, the 33-year-old, Spanish Formula One driver and current reserve driver for Marussia F1, was found dead in her Seville, Spain hotel room early this morning. Police believe that it was a natural death, although local forensics and homicide units were on the scene to rule out all possibilities, according to a report from BBC Sport.

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This is the penultimate car launch of the 2013 season, the Marussia MR02. The fourth car built by the team that was known as Virgin in its first two Formula One seasons is said to be a "comprehensive evolution" of last year's car. Produced under the eye of Pat Symonds, he of The Renault Affair at the Singapore Grand Prix in 2008, the chassis is a product of CFD and wind tunnel work through a technical partnership with McLaren, and its Cosworth engine is aided by a two-year-old Kinetic Energy Rec

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Spanish Formula One driver Maria de Villota has been released from the hospital following treatment for injuries sustained from a crash with a support truck during testing early last month. Doctors at La Paz University Hospital in Madrid found de Villota hadn't suffered any neurological damage in the Marussia MR-01 crash and will not require brain surgery. Even so, physicians will continue to monitor her injuries, and the driver is expected to undergo plastic surgery in the near future to addr

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Marussia has concluded there was no mechanical failure in the accident that saw Formula One driver Maria de Villota collide with a service truck during testing earlier this month. According to CNN, the F1 race team conducted thorough tests alongside an external forensic company and the UK's Health and Safety Executive and found there was no fault with the MR-01 car itself. De Villota was testing the platform for the first time when the freak accident occurred. de Villota lost an eye due to the c

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Marussia, the Formula One team of Spanish race car driver Maria de Villota, is reporting that its 32-year-old driver has lost her right eye and remains hospitalized following a bizarre accident at a test event earlier this week. Teammates have described her condition as critical but stable.

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