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German firm buys F1 team

10:42pm Wednesday 30th July 2008 in Witney

The assets of failed Oxfordshire-based Formula One racing team Super Aguri have been bought by a German company, it has been reported.

German company Formtech GmbH intend to use the former F1 company's facilities at the Leafield Technical Centre in west Oxfordshire to open its first UK operation.

Japanese team Super Aguri were forced to withdraw from the F1 World Championship in May last year because of a lack of funding.

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