Marussia have confirmed Timo Glock will not drive for them this year.
The team issued a statement saying the decision was reached “by mutual consent”.
Glock was originally contracted to drive for them during the 2013 season. Team principal John Booth indicated the team had to let him go to take on a paying driver:
“Our team was founded on the principle of benefiting from proven experience whilst also providing opportunities for young emerging talent to progress to the pinnacle of motorsport. Thus far, this philosophy has also been reflected in our commercial model.
“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 1 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.”
Glock said: “I have had three excellent years with the Marussia F1 Team, during which I had the chance to actively participate in building and developing the team in its endeavours to succeed within the Formula One world championship.
“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.”
Booth praised Glock’s efforts since joining the team in 2010, when they were Virgin: “Timo has made a very significant contribution to our team over the past three seasons, helping us to develop our package to the point where, for a large proportion of the 2012 season, we were holding 10th place in the constructors?óÔé¼Ôäó championship.”
“Timo is a fantastic driver and he has been a very popular member of the team,” he added.
The news means the team only have F1 rookie Max Chilton confirmed in their driver line-up for 2013.
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