“The ongoing challenges facing the industry mean that we have had to take
steps to secure our long-term future. Tough economic conditions prevail and
the commercial landscape is difficult for everyone, Formula One teams
included.

“We would like to thank Timo for working with us to reach this decision,
especially as he had a valid contract, and also for the contribution he has
made to our Team. We wish him all the best for his future and I would like
to congratulate the next team acquiring the services of such a competitive,
professional and experienced racer.”

The news means that rookie Briton Max Chilton is now Marussia’s only confirmed
driver for 2013 but plenty of names are already being mentioned in
connection with the second seat.

Vitaly Petrov is probably the most fancied, what with Marussia being a Russian
sportscar manufacturer and a Russian Grand Prix in the pipeline for next
year, but Luiz Razia, Sebastien Buemi and Bruno Senna have also been mooted.

Booth said: “We will provide an update regarding the completion of our driver
line-up in due course.”

Glock said that he hoped to make an announcement about his own future very
soon. “I have had three excellent years with the Marussia F1 team,” the
German said. “I would like to wish the team good luck in navigating this
next period and thank everyone for the great times we shared and the support
I have received.

“Although it is not the path I expected to be taking, I am in fact very
excited about what the future holds in terms of my own career and I hope to
comment on that very soon.”