Caterham CT05 2014 driven by Marcus Ericsson and Kamui Kobayashi.
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In October 2014, Caterham entered administration and did not attend a race weekend for the first time in its history beginning from the United States Grand Prix.
 
In November 2014, after also missing the Brazilian Grand Prix, Caterham became the first F1 team ever to resort to crowdfunding, enabling it to race at the final Grand Prix for 2014 and take part in end of season testing both held in Abu Dhabi.  
 
On 27 February 2015, the Fédération Internationale de l'Automobile (FIA) published a revised entry list with Manor Marussia being reintroduced and Caterham being removed from the list, and by March of the same year, the team's assets were put up for auction, spelling the official demise of the team.