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 »
9y 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...
9y ago from TheCheckeredFlag....
Caterham performs below own expectations
Caterham had no reason to be happy after another troubled qualifying...
9y ago from F1Technical.net
Solid double finish for Caterham
Caterham enjoyed a trouble free race and finished the weekend with Kamui...
9y ago from F1Technical.net
Ericsson apologetic after disastrous session
– Marcus Ericsson has apologised to his Caterham team after he...
9y ago from GPUpdate.net
Elsewhere On The Network
Popular On MGPToday.com
Oliveira frustrated by "baby steps" as 2024...
No description available...
2h ago from Motorsport.com
F1 owner Liberty Media set to finalise purchase of...
Formula 1 owner Liberty Media are in talks to buy Madrid-based company...
2h ago from MotorsportWeek.c...
F1 owner Liberty Media set to finalise purchase of...
No description available...
16h ago from Motorsport.com
Dall’Igna calls Bagnaia/Marquez Portugal MotoGP...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Rasmussen, Siegel and Simpson complete oval rookie...
No description available...
13h ago from Motorsport.com
Rosenqvist: Confidence within MSR growing with every...
Felix Rosenqvist has started off his time with Meyer Shank Racing on a...
17h ago from MotorsportWeek.c...
Rising concerns in IndyCar over PFC’s braking system
No description available...
1d ago from Motorsport.com
Drivers offer thoughts on Thermal exhibition, ideas on...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Kalle quickest in Safari shakedown
Reigning WRC champion Kalle Rovanperä set the benchmark time in Wednesday...
8h ago from MotorsportWeek.c...
Rovanpera: WRC technical overhaul for 2025 “makes no...
No description available...
20h ago from Motorsport.com
Toyota to deploy suspension update at WRC Safari Rally...
No description available...
23h ago from Motorsport.com
Sebastian Ogier returns in 68-strong Rally Croatia...
The fourth round of the FIA World Rally Championship has attracted 68...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Rodri vs Rice: The key battle to watch between Man...
Who will come out on top when Rodri and Declan Rice go head to head at the...
46m ago from SkySports.com
'There's so much quality' - Football expert claims...
No description available...
1h ago from SportsKeeda.com
Who is in form as the Premier League hits the business...
enal face their biggest test of the campaign on Sunday. Their trip to...
1h ago from TheGuardian.com
Arsenal 'draw up 10-man striker shortlist'
Arsenal reportedly compile a list of 10 strikers who they could...
3h ago from SportsMole.co.uk
Comments
Hottest News
F1 owners ‘close’ to stunning £3.5 BILLION takeover of...
A multi-billion pound deal put forward by Formula... Read More »
5h ago from GPFans.com
'Thai shareholder wants Red Bull GmbH to move to Dubai'
Christian Horner seems to be locked in the saddle... Read More »
4h ago from GPBlog.com
Hamilton relationship 'ENDS' as F1 legend looks for...
Seven-time Formula 1 world champion Lewis... Read More »
2h ago from GPFans.com