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 »
8mo ago from Pitpass.com 0
Share

You May Also Be Interested In...

Caterham Pleased After Leapfrogging Marussia

Caterham had reason to celebrate their home Grand Prix with Kamui...
8mo ago from TheCheckeredFlag....

Caterham performs below own expectations

Caterham had no reason to be happy after another troubled qualifying...
8mo ago from F1Technical.net

Solid double finish for Caterham

Caterham enjoyed a trouble free race and finished the weekend with Kamui...
8mo ago from F1Technical.net

Ericsson apologetic after disastrous session

– Marcus Ericsson has apologised to his Caterham team after he...
8mo ago from GPUpdate.net

Comments

comments powered by Disqus

Hottest News

Mercedes rivals can develop engines in-season

Formula 1 engine suppliers Ferrari and Renault... Read More »
17h ago from GrandPrix247.com

Ferrari boss says Gutierrez made F1 debut too early

Mexican driver Esteban Gutierrez was thrown into... Read More »
47m ago from GrandPrix247.com

Vettel's gamble is ours too, say Ferrari bosses

Ferrari bosses appreciate that Sebastian Vettel... Read More »
5h ago from Pitpass.com

Recent News

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.