Oct.4 (GMM) Sauber will stay Ferrari powered into F1's new turbo V6 era beginning next year.

Earlier on Friday, we reported the Swiss team is close to reaching a deal with its existing supplier of V8 engines.

"We had to resolve some issues," Sauber boss Monisha Kaltenborn had said, "and most of them have been settled now.

"So I think we will have an announcement soon."

Indeed, as evening fell in Yeongam, Sauber announced a new 'multi-year' Ferrari deal that will include the supply of gearboxes from 2014.