Marussia Motors managed their own factory works team after buying into a large stake of the Virgin Racing Formula One team. Later becoming Marussia F1, the team competed between 2012 and part-through 2014. In its first F1 season, it placed 11th in the Constructors' Championship, improving one position to 10th the following year. Thanks to Bianchi's exploits at the 2014 Monaco Grand Prix, the team won its first and only 2 points in F1. In 2014, the team participated until the Russian Grand Prix, entering only one car driven by Max Chilton in the team's final GP, due to the events at the previous Japanese Grand Prix where the team's lead driver, Jules Bianchi, was involved in a serious accident and suffered an ultimately fatal serious head injury. On 7 October 2014, after a short period under administration, the team ceased its operations and folded. The team's assets were sold at auction in December 2014.