Williams has vowed not to make the mistakes some of its Formula 1 rivals have made in the past of allowing its budget to get out of control in a bid to push towards the front of the grid. The Grove-based outfit announced its interim results for the first six months of 2015 on Friday, with its F1 operation having reduced losses of £19.8 million last year to £2.5 million this time around. But with the group business having paid down its debt, from £26 to £19 million, it was encouraged by its situation, which was helped by financial boosts from sponsorship and F1 commercial rights income. However, despite being well aware that progress further up the F1 order would be tough as it is...
Full Story »