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Asiatech closes its doors

Minardi's 2002 F1 engine supplier, Asiatech has closed down its factory in Velizy, near Paris, and laid off its 200 staff. A statement said: "Because of a lack of funds guaranteed for the continuation of its activity, Asia Motor Technologies France ceased its operations on October 31, 2002." The 2002 season was the second for the Asian-owned consortium after it entered F1 by purchasing the former Peugeot Sport hardware and development facilities.

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