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 »
9mo 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...
9mo ago from GrandPrix247.com

Lotus 'still hurting' without FRIC

Getty Images Enlarge Lotus says it is still struggling to adapt to the...
9mo ago from espnF1.com

Tobacco company plays down Lotus rumours

Imperial Tobacco has played down reports it is looking to return to...
9mo ago from GrandPrix.com

Lopez hits back at Genii financial reports

Gerard Lopez has lashed back at reports suggesting Lotus team owner Genii...
9mo ago from GrandPrix.com

Elsewhere On The Network

Popular On MotoGPToday.com

Scan reveals further Iannone injury

– Ducati's Andrea Iannone has had another set back ahead of his...
11h ago from GPUpdate.net

Iannone: “They found a fracture at the tip of my...

Ducati Team’s Andrea Iannone will have to race through the pain once...
11h ago from MotoGP.com

Pasini: “We will try our best to do well”

Mattia Pasini makes his return to the Moto2 World Championship at Mugello...
14h ago from MotoGP.com

Dovizioso: We were quick…

This weekend's Italian Grand Prix is tipped to see Ducati in the thick of...
10h ago from Crash.net

Popular On IndyCarToday.com

Montoya presented with $2.4 million Indy cheque

Team Penske driver Juan Pablo Montoya has been presented with a $2.4...
1d ago from SpeedCafe.com

Video: Indianapolis 500 highlights

No description available...
1d ago from GPUpdate.net

Conor Daly to sub for Hinchcliffe in Detroit

Conor Daly has been named as replacement for the injured James...
7h ago from SpeedCafe.com

Montoya Makes an Epic Comeback to Win his Second Indy...

Juan Pablo Montoya suffered damage to his right-rear wheel guard during...

Popular On TotalWRC.com

Evans brothers settle Canberra dispute

Australian Rally Championship front-runners Simon and Eli Evans have...
1h ago from Motorsport.com

New-look Portugal gets thumbs-up

New route and spectator zones worked well
14h ago from WRC.com

WRC Competitor Denied Medical Intervention After...

The Fnckmatié World Rally Team has claimed that their driver Lorenzo...
12h ago from TheCheckeredFlag...

Fiesta R5 on the cards for Al-Attiyah

Nasser plans car swap for Poland
15h ago from WRC.com

Popular On GunnersToday.com

Arsenal considering £3m move for Villarreal striker

Arsenal are keeping an eye on Villarreal star Gerard Moreno as they plan...

Atletico Madrid Eyeing Arsenal Defender Nacho Monreal

It has been reported that Atletico Madrid are eyeing Arsenal fullback...
3h ago from Nastytackle.com

Arsenal Chasing Metz Prospect Nicolas Basin

It has been reported that Newcastle United remain in the hunt for Metz...
4h ago from Nastytackle.com

Arsenal To Face Premier League Competition For Bastian...

It has been reported that Manchester United are yet to make a serious...
51m ago from Nastytackle.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.