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
Alex Rins explains Fabio Quartararo's edge on other...
No description available...
10h ago from Motorsport.com
Marc Marquez sets 'same lap time’ with 2024 and 2025...
No description available...
1d ago from Motorsport.com
Alex Marquez to receive factory-spec Ducati for 2026...
Alex Marquez is set to be rewarded for his 2025 MotoGP efforts and...
1d ago from MotorsportWeek.c...
Alex Marquez to ride identical Ducati to Marc Marquez...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Team Penske places David Malukas in the iconic #12...
Team Penske has announced that David Malukas will be joining the team and...
2d ago from MotorsportWeek.c...
Team Penske signs David Malukas in multiyear IndyCar...
No description available...
2d ago from Motorsport.com
Zak Brown addresses three areas IndyCar can improve
McLaren CEO Zak Brown penned an open letter on Monday outlining his...
5d ago from MotorsportWeek.c...
The good, bad, and ugly of IndyCar's 2026 schedule
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg wants “full season in WRC” after...
No description available...
6d ago from Motorsport.com
Why Elfyn Evans claims "everything is open"...
No description available...
5d ago from Motorsport.com
Kalle Rovanpera: We need wins for WRC title chance...
No description available...
5d ago from Motorsport.com
WRC Rally Chile: Sebastien Ogier leads title race with...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Set pieces and squad depth: Arsenal aim to maintain...
el Arteta’s side need to improve their record after Champions League...
2h ago from TheGuardian.com
'I'm not going to lie…' – Arsenal star...
Arsenal midfielder Mikel Merino has praised the 'finishers' in Mikel...
11m ago from CaughtOffside.com
'Their interest remains active' – Sources claim...
Arsenal and Manchester United are among the clubs interested in a...
12h ago from CaughtOffside.com
Journalist confirms Arsenal 'in talks' with...
Arsenal are reportedly in talks over a new contract with William Saliba...
14h ago from CaughtOffside.com
Comments
Hottest News
George Russell health update issued after Mercedes star's...
An update on Mercedes F1 star George Russell's... Read More »
3h ago from GPFans.com
F1 Qualifying Results: Oscar Piastri gets lucky as THREE...
McLaren F1 star Oscar Piastri got his lap time in... Read More »
9h ago from GPFans.com
Full 2025 F1 Azerbaijan Grand Prix Baku starting grid
Check out the full starting grid for the 2025 F1... Read More »
1h ago from RacingNews365.com
