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 »
1mo 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...
1mo ago from GrandPrix247.com

Lotus 'still hurting' without FRIC

Getty Images Enlarge Lotus says it is still struggling to adapt to the...
1mo ago from espnF1.com

Tobacco company plays down Lotus rumours

Imperial Tobacco has played down reports it is looking to return to...
1mo ago from GrandPrix.com

Lopez hits back at Genii financial reports

Gerard Lopez has lashed back at reports suggesting Lotus team owner Genii...
1mo ago from GrandPrix.com

Comments

comments powered by Disqus

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.