News Details
Williams reveals over than $50 million loss
Williams has revealed it recorded a more than $50 million loss in 2014. The Grove team, listed on the Frankfurt stock exchange, enjoyed a surge in performance last year following a long slump, but took a financial hit due to 'lower revenue and higher costs'. In a statement, Williams explained that it had embarked on a 'turnaround strategy' in 2013 'following a number of years of deteriorating performance'. 'Consequently, and as anticipated, 2014 was a year of transition,' the team admitted, due in part to lower income and sponsorship as a result of finishing a woeful ninth in the 2013 world championship. Higher costs, Williams added, were due to 'the introduction of the new hybrid power...
Full Story »
Full Story »
10y ago from GrandPrix247.com
0
You May Also Be Interested In...
Williams reports substantial loss for 2014
– Williams Grand Prix Holdings has reported a sizeable loss of...
10y ago from GPUpdate.net
Williams group posts £34.3m loss for 2014
Williams Grand Prix Holdings has announced a substantial £34.3m loss for...
10y ago from Crash.net
Williams reports £34.3m loss in 'year of transition'
Williams Grand Prix Holdings PLC today announced the Group's financial...
10y ago from Pitpass.com
Mercedes deny Hamilton has signed 175 million deal
Mercedes has denied reports suggesting Lewis Hamilton has finally...
10y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati’s first run with 850cc MotoGP bike was...
No description available...
19m ago from Motorsport.com
Aprilia explains why it hasn’t tested 850cc bike...
No description available...
15h ago from Motorsport.com
The dilemma Francesco Bagnaia's MotoGP race engineer...
No description available...
16h ago from Motorsport.com
Marc Marquez admits ‘touch of madness’ is key to...
Marc Marquez has provided fascinating insight into how he balances risk...
16h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
1d ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
1d ago from Motorsport.com
IndyCar names officiating director ahead of Indy 500
IndyCar Officiating has announced Scot Elkins as the new Managing...
1d ago from MotorsportWeek.c...
IndyCar Officiating confirms Scot Elkins as Managing...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
How Rally Islas Canarias could crown another new WRC...
No description available...
17h ago from Motorsport.com
Why Dani Sordo is excited for his WRC topflight return
No description available...
2d ago from Motorsport.com
Ott Tanak lands 2027 WRC car testing role with Toyota
No description available...
5d ago from Motorsport.com
Thierry Neuville wants to "make everyone proud...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
The one simple trick Arsenal need to make their attack...
Morning all. As I am not a total masochist, I did not spend any time...
39m ago from Arseblog.com
'Even when he tries to be calm, he's faking it' -...
Former Chelsea star John Obi Mikel has claimed that Arsenal manager Mikel...
7h ago from SportsKeeda.com
'Typical bottle merchants', 'Bottling officially...
Arsenal and Mikel Arteta are being mocked on social media after Manchester...
8h ago from SportsKeeda.com
Arsenal latest: Why Arsenal are now second in PL title...
No description available...
9h ago from SkySports.com
Comments
Hottest News
F1 News Today: Lewis Hamilton gets new Ferrari upgrades,...
The unexpected spring break is now in full swing,... Read More »
1h ago from GPFans.com
Colton Herta says failed AlphaTauri move left him fearing...
Colton Herta said a failed move to AlphaTauri... Read More »
29m ago from GrandPrix247.com
Max Verstappen summoned back to Red Bull with Gianpiero...
Four-time F1 champion Max Verstappen has been... Read More »
29m ago from GPFans.com
