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 »
11y 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,...
11y ago from GrandPrix247.com
Lotus up to date on 'all salaries'
Lotus have reportedly paid "all salaries" to staff amidst...
11y ago from PlanetF1.com
Sauber boss admits delay in Russian financial rescue...
Team principal Monisha Kaltenborn has admitted Sauber's headline grabbing...
11y 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...
11y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Bagnaia “angry” with MotoGP race control after...
No description available...
1h ago from Motorsport.com
Why Marc Marquez thinks Alex’s frontrunning pace is...
No description available...
1h ago from Motorsport.com
Fabio Quartararo will ‘evaluate' Yamaha MotoGP...
Fabio Quartararo will "evaluate" Yamaha MotoGP's...
3h ago from MotorsportWeek.c...
Alex Marquez fastest in second MotoGP practice in...
Alex Marquez pulled off a stunning last lap in the dying seconds to top...
5h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Will Buxton: F1 drivers see IndyCar as ‘quite...
Will Buxton is IndyCar’s new lead TV presenter, moving over from...
1d ago from MotorsportWeek.c...
Dale Coyne announces askROI as full season sponsor
Dale Coyne Racing announced on Wednesday that AI-driven business askROI...
1d ago from MotorsportWeek.c...
Zak Brown outlines investment that could maximize...
McLaren Racing CEO Zak Brown has released a public letter covering...
3d ago from MotorsportWeek.c...
Team Penske quickest in final IndyCar test day
The NTT IndyCar Series held its second and final preseason open test day...
1w ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC drivers follow F1 in statement to FIA president
World Rally Championship drivers have penned a strongly-worded statement...
4d ago from MotorsportWeek.c...
WRC drivers call on FIA president for “urgent...
No description available...
4d ago from Motorsport.com
Elfyn Evans wins Rally Sweden by a whisker
Super Sunday on Rally Sweden was just that! After 300km of hard racing,...
1w ago from MotorsportWeek.c...
Elfyn Evans under pressure on Rally Sweden –...
Elfyn Evans and Scott Martin maintained their lead on Rally Sweden after...
1w ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal fan favourite confirms sporting director...
Former Arsenal midfielder Tomas Rosicky confirms that he is of interest to...
1h ago from SportsMole.co.uk
'That first half was the toughest half I have ever...
No description available...
36m ago from SportsKeeda.com
Arsenal hold 'concrete' talks to sign 30-year-old...
No description available...
1h ago from SportsKeeda.com
La Liga giants set to battle Barcelona in 70m pursuit...
No description available...
1h ago from SportsKeeda.com
Comments
Hottest News
Hamilton issues staggering Ferrari v Mercedes comparison...
Lewis Hamilton is still getting up to speed at... Read More »
2h ago from RacingNews365.com
'F1 wants to start 2026 season with January testing'
With the sweeping regulation changes set for... Read More »
56m ago from GPBlog.com
F1: Morning times from Bahrain - Friday
This morning's times from the Bahrain... Read More »
3h ago from Pitpass.com
