Sauber confirms Ferrari deal for 2014

(GMM) Sauber will stay Ferrari powered into F1's new turbo V6 era beginning next year.

Earlier on Friday, we reported the Swiss team is close to reaching a deal with its existing supplier of V8 engines.

"We had to resolve some issues," Sauber boss Monisha Kaltenborn had said, "and most of them have been settled now.

"So I think we will have an announcement soon."

Indeed, as evening fell in Yeongam, Sauber announced a new 'multi-year' Ferrari deal that will include the supply of gearboxes from 2014.