News Details
Williams intends to grow despite financial loss
5 May, 2013 Williams has played down reports it suffered a financial loss in 2012, insisting instead that it is gearing up to expand.
Listed on the Frankfurt stock exchange, the British team this week revealed a pre-tax loss of almost $8 million last year, having turned a profit in 2011.
But spokesman James Francis said the financial report could not include almost $15 million in Formula 1 income.
'If that figure had been included we would have turned a loss into a profit,' he told the Oxford Mail.
'It would have been a smaller profit (than 2011), but a lot of investment has happened.'
The Williams spokesman said building work on a new research and development department is still...
Full Story »
Full Story »
12y ago from YallaF1.com
0
You May Also Be Interested In...
Williams clarifies reports of financial loss
By Editor on Friday, May 3, 2013 Williams has played down reports it...
12y ago from F1Zone.net
Williams clarifies reports of financial loss
Williams has played down reports it suffered a financial loss last year,...
12y ago from GrandPrix.com
Ecclestone: F1 IPO is going ahead this year
Formula One's initial public offering (IPO) will definitely go ahead in...
12y ago from TheF1Times.com
Elsewhere On The Network
Popular On MGPToday.com
Pramac MotoGP boss: 'Why do people think Yamaha isn't...
No description available...
2h ago from Motorsport.com
MotoGP Jerez test: Aprilia 1-2-3 as new aero packages...
No description available...
18h ago from Motorsport.com
Ducati brings new swingarm and fairing to Jerez MotoGP...
No description available...
17h ago from Motorsport.com
Fermin Aldeguer set for further medical checks as...
No description available...
17h ago from Motorsport.com
Popular On IndyCarToday.com
Arrow McLaren has "no fear" in running all...
No description available...
17h ago from Motorsport.com
Katherine Legge confirmed for Indy 500 with AJ Foyt
AJ Foyt Racing has announced that it will field a third entry in this...
21h ago from MotorsportWeek.c...
Katherine Legge will make Indy 500 return in HMD...
No description available...
22h ago from Motorsport.com
IndyCar to limit entries to those holding a charter
The NTT IndyCar Series has confirmed that future races will be limited to...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
1d ago from Motorsport.com
Thierry Neuville: “Nobody knows” answer to...
No description available...
21h ago from Motorsport.com
Oliver Solberg crashes out of Rally Islas Canarias
Oliver Solberg and Elliot Edmondson have crashed out of Rally Islas...
1d ago from MotorsportWeek.c...
Sebastien Ogier dominates Rally Islas Canarias
Sebastien Ogier and Vincent Landais headed a Toyota one-two-three-four in...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal receive Kai Havertz injury update ahead of...
Arsenal star Kai Havertz is unlikely to recover in time to make the...
1h ago from SportsKeeda.com
Jamie Carragher names the major issue he's spotted...
Jamie Carragher said the major issue Arsenal have been dealing with...
1h ago from SportsKeeda.com
Ballon d'Or 2026: Ranking the top 10 favourites -...
The favourites for the 2026 Ballon d'Or award are starting to become clear...
1h ago from SportsKeeda.com
Atletico Madrid vs Arsenal Prediction and Betting Tips...
Atletico Madrid and Arsenal will trade tackles in the highly anticipated...
4h ago from SportsKeeda.com
Comments
Hottest News
FIA draws the line: F1 ‘cannot be hostage’ to engine...
Formula 1’s future is being shaped in meeting... Read More »
1h ago from F1i.com
F1 champion's 'madness' reaction: 'We're going to start our...
An F1 legend has revealed a world champion's... Read More »
45m ago from GPFans.com
F1: F1 cannot be held 'held hostage' by manufacturers,...
'The political landscape has changed,' says the... Read More »
1h ago from Pitpass.com
