News Details
Caterham trebles F1 profits
Caterham drivers Kamui Kobayashi and Marcus Ericsson finished a lowly thirteenth and fourteenth in the team's home Grand Prix on Sunday but it still had reason to celebrate. Its latest accounts show a 117% boost in revenue which led to the team's net profits trebling to £4.8m according to an article in the Express{/} by Christian Sylt.Its profits accelerated when the revenue of its UK arm increased 117% to £46.7m in 2012 outstripping the rise in its costs. The additional revenue is understood to have been driven by sponsorship from American conglomerate GE.The UK division of the team, Caterham Sports, receives management fees from its parent in Malaysia which in turn gets...
Full Story »
Full Story »
10y ago from Pitpass.com
0
You May Also Be Interested In...
Caterham Pleased After Leapfrogging Marussia
Caterham had reason to celebrate their home Grand Prix with Kamui...
10y ago from TheCheckeredFlag....
Caterham performs below own expectations
Caterham had no reason to be happy after another troubled qualifying...
10y ago from F1Technical.net
Solid double finish for Caterham
Caterham enjoyed a trouble free race and finished the weekend with Kamui...
10y ago from F1Technical.net
Ericsson apologetic after disastrous session
– Marcus Ericsson has apologised to his Caterham team after he...
10y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Yamaha to test completely new MotoGP bike at Jerez
No description available...
6h ago from Motorsport.com
Raul Fernandez set to get 2024 Aprilia MotoGP bike at...
No description available...
9h ago from Motorsport.com
Quartararo: Marquez's Honda exit ‘woke a lot of...
Fabio Quartararo believes Marc Marquez's exit from Honda last term 'woke a...
1d ago from MotorsportWeek.c...
Could Acosta get a Verstappen-like mid-season...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
O’Ward retroactively given St. Pete win after Team...
The NTT IndyCar Series announced on Wednesday that all three Team Penske...
8h ago from MotorsportWeek.c...
Penske's Newgarden loses St. Pete IndyCar race win...
No description available...
7h ago from Motorsport.com
Power “didn't have any defense” against Dixon due...
No description available...
1d ago from Motorsport.com
Brake issues hinder Rosenqvist’s chances for victory...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Ford simulator boosting M-Sport WRC Puma performances
No description available...
10h ago from Motorsport.com
Auction raises more than 50K for Craig Breen Foundation
No description available...
9h ago from Motorsport.com
FIA not at war with manufacturers over 2025 WRC...
No description available...
2d ago from Motorsport.com
ERC star Sesks secures WRC Rally1 graduation with...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal transfer news: Vlahovic links, Partey's...
This article was originally published on the Daily Briefing, a...
25m ago from CaughtOffside.com
Chelsea Transfer News Roundup: Blues identify Mauricio...
No description available...
1h ago from SportsKeeda.com
'Watched 5 minutes of yesterday's Arsenal game and...
No description available...
2h ago from SportsKeeda.com
Arsenal Transfer News Roundup: Gunners in talks for...
No description available...
1h ago from SportsKeeda.com
Comments
Hottest News
F1 giants announce name change with IMMEDIATE effect
Ferrari have announced that they are to join... Read More »
2h ago from GPFans.com
Ferrari confirm landmark sponsorship deal with HP
Ferrari have unveiled a new partnership with... Read More »
55m ago from F1Technical.net
Hamilton sends strong message over Gaza deaths
Lewis Hamilton has spoken out again on Israel's... Read More »
1h ago from GPFans.com