Van der Garde settles with Sauber

Reuters News
Posted: Mar 18, 2015 6:35 AM

LONDON (Reuters) - Dutch driver Giedo Van der Garde recognized his hopes of racing in Formula One were over on Wednesday after accepting "significant compensation" from the Swiss Sauber team to end a contract dispute.

"We have reached a settlement with Sauber and my driver contract with the team has been ended by mutual consent. As a passionate race driver, I feel sad and am very disappointed," he said in a statement.

(Reporting by Alan Baldwin; Editing by John O'Brien)