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Mercedes' F1 spending spirals to £242m
Mercedes' spending on its Formula 1 team has spiralled, according to its latest corporate accounts for the 2011 financial year. The Anglo-German outfit spent £242.1 million, split by roughly 50/50 between their F1 team and engine division. Whilst the team's expenditure dropped slightly by 0.2 per cent to £125.7 million, the Brixworth division, which designs and assembles their V8 engines, jumped by 54.2 per cent to £116.4 million. The rise can be attributed to the research and development costs of the new 1.4 litre, V6-turbo charged engines, which are a requirement of the 2014 regulations. The accounts show R&D spending increased by £17.3 million to £52.4...
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12y ago from TheF1Times.com
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