Kobayashi gives up on 2013

Kamui Kobayashi has given up trying to find a Formula One team for 2013.

Kobayashi has been dropped by Sauber and the Japanese star launched a fundraising campaign in his homeland to help him find a new team.

Kobayashi said he would have been able to raise around 6.5m thanks to Japanese companies committing funds.

But he said: "Unfortunately, the time was still short and I am not able to secure the seat with competitive F1 team for 2013.

"I have to admit that it is very sad and feel sorry for fans and Japanese companies who supported me. But I am still confident to make it happen in 2014.

"I would like to stop the donations for now and while I will save all the money for 2014, I start to look what is the best option for 2013 and also 2014. My main priority is to secure the competitive F1 seat in 2014."