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 off to best start since 2009

It's six years since Valentino Rossi last led the world championship...
10h ago from MotorcycleNews.c...

Title contenders look forward to Jerez

The Spanish Grand Prix at Jerez looks set to be one of the key milestones...
10h ago from MotorcycleNews.c...

Marquez on track with his fans

The MotoGP world champion lets off steam on track with some of his most...
12h ago from MotoGP.com

Pramac boss puts faith in ‘unlucky’ Hernandez

Pramac Racing team manager Francesco Guidotti says he trusts Yonny...
15h ago from Crash.net

Popular On IndyCarToday.com

IndyCar: Age and experience leading the way so far in...

Don't miss a thing at the Honda Indy Grand Prix of Alabama. Get the new...
5h ago from Racer.com

IndyCar: Honda teams seek 'sweet spot'

Don't miss a thing at the Honda Indy Grand Prix of Alabama. Get the new...
11h ago from Racer.com

Regalia will not race with Comtec at Aragon

Facu Regalia will not be racing in the opening round of the Formula...
15h ago from Motorsport.com

Three IndyCar teams fined after Long Beach

KV, Foyt and CFH hit with penalties. INDYCAR announced the following...
1d ago from Motorsport.com

Popular On TotalWRC.com

Meeke with good lead in Argentina

Kris Meeke completes the first full day of Rally Argentina with a...
4h ago from Crash.net

Mikkelsen retires en-route to SS4

Volkswagen Motorsport II pilot Andreas Mikkelsen has retired from Rally...
8h ago from Crash.net

SS3: Latvala slashes Meeke's lead

SS3: Latvala slashesMeeke's lead Jari-Matti Latvala climbed into second...
10h ago from WRC.com

Kris Meeke takes lead as Sebastien Ogier retires

Mads Ostberg had looked like the man most likely to capitalise on Ogier's...
10h ago from EuroSport.com

Popular On GunnersToday.com

Alex Song names NINE Barcelona players including...

Alex Song names NINE Barcelona players including Lionel Messi, Neymar,...
3h ago from DailyMail.co.uk

Chelsea may be favourites to beat Arsenal but don't...

Chelsea may be favourites to beat Arsenal but don't underestimate Arsene...
2h ago from DailyMail.co.uk

Arsenal v Chelsea: Jose Mourinho mocks Arsene Wenger...

Jose Mourinho has bluntly dismissed Arsène Wenger’s claim that it...
3h ago from Telegraph.co.uk

Wenger happy to alter style

And Wenger reckons a variation in his team's style of play will help them...
3h ago from Football365.com

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.