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 »
2y 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...
2y ago from GrandPrix247.com

Lotus 'still hurting' without FRIC

Getty Images Enlarge Lotus says it is still struggling to adapt to the...
2y ago from espnF1.com

Tobacco company plays down Lotus rumours

Imperial Tobacco has played down reports it is looking to return to...
2y ago from GrandPrix.com

Lopez hits back at Genii financial reports

Gerard Lopez has lashed back at reports suggesting Lotus team owner Genii...
2y ago from GrandPrix.com

Elsewhere On The Network

Popular On MGPToday.com

Smith undergoes surgery after Oschersleben Endurance...

MotoGP star Bradley Smith looks likely to miss next weekend’s...
4h ago from BikeSportNews.com

MotoGP: Smith awaiting scan results on knee injury

Monster Yamaha Tech 3 rider Bradley Smith is awaiting the results of an...

MotoGP: Smith happy with KTM testing pace

KTM’s 2017 rider Bradley Smith says that he’s delighted with the...
15h ago from MotorcycleNews.c...

GP winner Prein set to join Mackenzie in Silverstone...

Prein will go head to head with Mackenzie and Alan Carter at the 2016...
13h ago from BikeSportNews.com

Popular On IndyCarToday.com

INDYCAR: Firestone clarifies Texas tire allotment

Firestone has clarified the allotment of tires to all teams for Saturday...
5h ago from Racer.com

2017 schedule promotes continuity, adds Gateway

Indycar has announced a 17-race 2017 season that, while providing...
10h ago from Crash.net

IndyCar reveals 17-race 2017 calendar

– IndyCar officials have revealed an expanded 17-race 2017...
18h ago from GPUpdate.net

VIDEO: Close shave for Castroneves

Helio Castroneves has escaped injury after a pitlane crash which involved...
1d ago from SpeedCafe.com

Popular On TotalWRC.com

Mikkelsen: It still felt like a victory

Fourth in Germany but Mikkelsen remains positive
13h ago from WRC.com

Germany driver report: part 2

Advertising Thierry Neuville (Hyundai i20) Result: 3rdA podium finish...
1d ago from WRC.com

Lappi breaks silence over Toyota rumours

Talks have taken place at Toyota's rally base
2d ago from WRC.com

Teams want China as a candidate rally in 2017

Multi-million pound losses caused by the cancellation of Rally China have...
2d ago from EuroSport.com

Popular On GunnersToday.com

Arsene Wenger: I'm not spending £52m om Mustafi and...

Arsenal are set to announce the £52million signings of Valencia...
3h ago from Express.co.uk

Arsene Wenger: Shkodran Mustafi and Lucas Perez not...

GETTY DON'T PANIC: Wenger says he's not been pressured into his double...
1h ago from DailyStar.co.uk

Comments

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.