News Details

Lotus reports net loss of $107.9 million for 2013

+ The Lotus F1 Team made a reported net loss of $107.9 million last year, in what is believed to be a record figure for a motor racing team. The 2013 season was Lotus’ most successful since Genii Capital bought the team from Renault at the end of 2009, with Kimi Raikkonen and Romain Grosjean collecting 315 points between them on the way to fourth in the constructors’ championship, the Finn picking up a win in the season opener in Australia. However, despite the on-track success last year for the Enstone-based outfit, Forbes reports that the team lost over 100 million dollars in 2013, owing to heavy investment – which saw staff numbers increase – and heavy repayments on...
Full Story »
8mo ago from RichlandF1.com 0
Share

You May Also Be Interested In...

John Player Special deny return to F1 with Lotus

1986 was the last year of JPS involvement in F1 – here Ayrton Senna...
8mo ago from GrandPrix247.com

Lotus 'still hurting' without FRIC

Getty Images Enlarge Lotus says it is still struggling to adapt to the...
8mo ago from espnF1.com

Tobacco company plays down Lotus rumours

Imperial Tobacco has played down reports it is looking to return to...
8mo ago from GrandPrix.com

Lopez hits back at Genii financial reports

Gerard Lopez has lashed back at reports suggesting Lotus team owner Genii...
8mo ago from GrandPrix.com

Elsewhere On The Network

Popular On MotoGPToday.com

Rossi: “Today we focused on the bike‘s set-up”

Movistar Yamaha’s Valentino Rossi focused on his bike’s setup during...
16h ago from MotoGP.com

Jerez MotoGP test times

Lorenzo leaving Movistar Yamaha garage. MOVISTAR Yamaha’s Jorge...
14h ago from VisorDown.com

KTM makes the first move in vital Moto3 Jerez test

After the Gran Premio bwin de España, the Circuito de Jerez today played...
9h ago from MotoGP.com

Rossi not thinking about points situation

– Valentino Rossi insists he is not yet thinking about the...
18h ago from GPUpdate.net

Popular On IndyCarToday.com

IndyCar: Series set to introduce LED position lights

After testing a LED car position system during Spring Training in March...
8h ago from Racer.com

Tagliani joins A.J. Foyt for Indy 500

Alex Tagliani will attempt the 2015 Indianapolis 500, later this month. AJ...
4h ago from Motorsport.com

IndyCar: Tagliani joins Foyt team for Indy 500 in...

Another piece of the Indianapolis 500 entry puzzle fell into place with...
7h ago from Racer.com

Tagliani secures late Indy 500 drive for AJ Foyt

Veteran open wheel driver Alex Tagliani has landed a last minute drive in...
3h ago from SpeedCafe.com

Popular On TotalWRC.com

WRC stars join Wings for Life run

Championship’s big names join Red Bull’s global fundraising race
12h ago from WRC.com

18 crews sign up for 2015 FIA Junior WRC

18 crews sign up for2015 FIA Junior WRC Two weeks before the second round...
13h ago from WRC.com

RX: Solberg dominates at Hockenheim

Petter Solberg has secured his first victory of the year at round two of...
15h ago from Crash.net

Nagle on his mixed winning emotions

Exclusive interview in latest 'WRC Live: Regroup'
1d ago from WRC.com

Popular On GunnersToday.com

Africa's richest man lines up Arsenal bid

LOADED: Aliko Dangote is Africa's richest man [GETTY] “I might buy...
4h ago from DailyStar.co.uk

How Arsenal can catch Chelsea to compete for the...

How Arsenal can catch Chelsea to compete for the Premier League title...
3h ago from DailyMail.co.uk

Comparing Alexis Sanchez's debut PL season to the...

Alexis Sanchez has been absolutely outstanding since arriving from...
6h ago from AllArsenal.com

Five ‘world class’ stars to complete Wenger’s...

Five ‘world class’ stars to complete Wenger’s Arsenal squad BEGIN...

Comments

comments powered by Disqus

Hottest News

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.