News Details
Boullier: Costs must come down
Team boss Eric Boullier has urged Formula One to curb rising costs admits reports that Lotus are in financial trouble.
Earlier this week a report emerged claiming that Lotus are in debt to the tune of €120m ($160m) while the team was late in paying salaries and suppliers.
Lotus, though, are not the only team facing financial issues with Boullier saying that "80 percent of the teams" are open to introducing measures to cut costs.
"The problem is that some teams - like Red Bull, Ferrari and Mercedes - can still afford the old way and can spend a lot on the car; we can't," the Frenchman told Autosport.
"To keep teams competitive, we need to keep a minimum budget...
Full Story »
Full Story »
12y ago from PlanetF1.com
0
You May Also Be Interested In...
Reports of Lotus cash struggles won't go away as they...
Troubling signs of financial weakness are continuing to emerge from Lotus,...
12y ago from GrandPrix247.com
Lotus up to date on 'all salaries'
Lotus have reportedly paid "all salaries" to staff amidst...
12y ago from PlanetF1.com
Sauber boss admits delay in Russian financial rescue...
Team principal Monisha Kaltenborn has admitted Sauber's headline grabbing...
12y ago from GrandPrix247.com
Kimi gets 'ten out of ten' from Lotus boss Boullier
"I'd say it's been a positive start," said Lotus F1 team...
12y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez in “no hurry” to make MotoGP return,...
No description available...
6h ago from Motorsport.com
Pedro Acosta casts doubt on factory Ducati struggles...
No description available...
6h ago from Motorsport.com
Marco Bezzecchi “in too much of a rush” in Marc...
No description available...
6h ago from Motorsport.com
Marc Marquez unlikely to return to MotoGP action...
World Champion Marc Marquez is unlikely to return to MotoGP action before...
7h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Rinus VeeKay wants “to make it hard on everybody”...
No description available...
1d ago from Motorsport.com
Rinus VeeKay signs with Juncos Hollinger Racing for...
Juncos Hollinger Racing has announced that it has signed Rinus VeeKay for...
2d ago from MotorsportWeek.c...
Mick Schumacher is “very open” to exploring an...
No description available...
2d ago from Motorsport.com
WATCH: Alex Palou talks F1 dream, perfecting his craft...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
WRC Central Europe: Sebastien Ogier edges into early...
No description available...
2h ago from Motorsport.com
Sebastien Ogier reacts to Kalle Rovanpera's “huge”...
No description available...
3h ago from Motorsport.com
Oliver Solberg “dreams” of full-time WRC seat as...
No description available...
6h ago from Motorsport.com
EKO Rally Greece heading back to Loutraki in 2026
After five successful years based in Lamia, EKO Rally Greece will return...
9h ago from MotorsportWeek.c...
Popular On GunnersToday.com
Report: Man United & Spurs very interested in...
Bournemouth attacker Antoine Semenyo has been linked with a move away from...
3h ago from CaughtOffside.com
'He's a footballer who has to pull the team together'...
Former Barcelona star Inigo Martinez has shared his thoughts about the...
3h ago from SportsKeeda.com
Paul Merson predicts Liverpool vs Manchester United...
That international break seemed to go on forever! We're all glad it's done...
5h ago from SportsKeeda.com
'Arteta gave him the opportunity' - Arsenal star's...
Arsenal star Mikel Merino's father, Miguel, has credited Mikel Arteta for...
4h ago from SportsKeeda.com
Comments
Hottest News
Huge George Russell salary disclosed after multi-million...
George Russell has signed a contract extension... Read More »
6h ago from RacingNews365.com
Christian Horner tipped to launch Aston Martin F1 takeover
Ex-Red Bull boss Christian Horner has been tipped... Read More »
11h ago from GPFans.com
US Grand Prix: Thursday's media day in pictures
Don your snake-skin boots and ten-gallon... Read More »
41m ago from F1i.com
