News Details
Caterham trebles F1 profits
Caterham drivers Kamui Kobayashi and Marcus Ericsson finished a lowly thirteenth and fourteenth in the team's home Grand Prix on Sunday but it still had reason to celebrate. Its latest accounts show a 117% boost in revenue which led to the team's net profits trebling to £4.8m according to an article in the Express{/} by Christian Sylt.Its profits accelerated when the revenue of its UK arm increased 117% to £46.7m in 2012 outstripping the rise in its costs. The additional revenue is understood to have been driven by sponsorship from American conglomerate GE.The UK division of the team, Caterham Sports, receives management fees from its parent in Malaysia which in turn gets...
Full Story »
Full Story »
12y ago from Pitpass.com
0
You May Also Be Interested In...
Caterham Pleased After Leapfrogging Marussia
Caterham had reason to celebrate their home Grand Prix with Kamui...
12y ago from TheCheckeredFlag....
Caterham performs below own expectations
Caterham had no reason to be happy after another troubled qualifying...
12y ago from F1Technical.net
Solid double finish for Caterham
Caterham enjoyed a trouble free race and finished the weekend with Kamui...
12y ago from F1Technical.net
Ericsson apologetic after disastrous session
– Marcus Ericsson has apologised to his Caterham team after he...
12y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Jonathan Rea explains why ‘mental management’ will...
Jonathan Rea believes Toprak Razgatlioglu's chances of success in MotoGP...
11h ago from MotorsportWeek.c...
Joan Mir explains why he crashes so often in MotoGP
No description available...
12h ago from Motorsport.com
Andrea Dovizioso: “Marc Marquez’s situation is...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Fast-paced schedule proving beneficial for IndyCar’s...
The NTT IndyCar Series recently completed its fourth racing weekend in...
2d ago from MotorsportWeek.c...
Mick Schumacher: “I thought I was ready — but I...
No description available...
5d ago from Motorsport.com
Winners and losers from IndyCar at Barber Motorsports...
No description available...
3d ago from Motorsport.com
Pato O’Ward left searching for answers after...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Storm damage forces changes to WRC Rally Islas...
No description available...
14h ago from Motorsport.com
Kalle Rovanpera returns to WRC with Subaru
Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...
2d ago from MotorsportWeek.c...
Former FIA vice president and WRC boss Morrie Chandler...
No description available...
5d ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
‘Like a ball of poison’: Mikel Arteta admits to...
t;li>Arteta claims defeat will haunt him for ‘next 30...
3h ago from TheGuardian.com
Mikel Arteta provides fitness update on 3 Arsenal...
Arsenal boss Mikel Arteta has provided a fitness update on Noni Madueke,...
7h ago from SportsKeeda.com
'Really good news' – Mikel Arteta provides...
Arsenal manager Mikel Arteta has provided a positive injury update on Noni...
11h ago from CaughtOffside.com
Carabao Cup final pain will only make Arsenal better,...
Arsenal must learn the lessons from their Carabao Cup final loss to Man...
10h ago from SkySports.com
Comments
Hottest News
FIA approve new race after F1 cancellations
The FIA have announced a change in one of their... Read More »
9h ago from GPFans.com
Williams sack James Vowles, sign Christian Horner and...
As many expected, James Vowles has been given his... Read More »
2d ago from GrandPrix247.com
Lewis Hamilton team-mate left laughing after F1 rival...
This doesn't count under the cost cap, right? Read More »
4h ago from GPFans.com
