News Details
Renault report £7.4m loss for 2018
Despite an increase in revenue last season Renault have announced a £7.4m loss for their F1 team in 2018. Turnover rose from £136.3m in 2017 to £146.6m last year, boosted by their rise from P9 in the Constructors' Championship in 2016 to P6 in 2017. This created a financial benefit for the following 2018 season and bumped up sponsorship income. A small profit of £1.1m was recorded for 2017, but despite the increasing income a £7.4m loss has now been recorded for 2018. As quoted by Motorsport.com, Renault claim that the weak pound was one of two main causes, saying that 'despite the continued growth in turnover, financial results have deteriorated for the first time in three years,...
Full Story »
Full Story »
4y ago from PlanetF1.com
0
You May Also Be Interested In...
Renault reports £7.8m loss
In its efforts to catch Mercedes, Ferrari and Red Bull, Renault turned a...
4y ago from Pitpass.com
Williams publish huge financial loss following poor...
Williams have literally paid the price for a poor 2018 season as they...
4y ago from GPBlog.com
Williams reports big loss after dreadful 2018 season
The Williams Formula 1 team has posted a big loss following a difficult...
4y ago from MotorsportWeek.com
Williams F1 team records financial loss for start of...
The Williams Formula 1 team has posted significant financial losses for...
4y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
Oliveira reckons MotoGP “looks too easy” on TV now
No description available...
3h ago from Motorsport.com
Ducati: Bastianini's COTA MotoGP podium an...
Ducati General Manager Gigi Dall’Igna labelled Enea Bastianini's podium...
23h ago from MotorsportWeek.c...
How MotoGP brakes work: Secrets of stopping a 220mph...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Long Beach: Start times, how to watch on TV,...
No description available...
30m ago from Motorsport.com
Pourchaire to make IndyCar debut for Arrow McLaren
No description available...
1d ago from Motorsport.com
Pourchaire to make IndyCar debut in Long Beach with...
Arrow McLaren has announced that the reigning Formula 2 champion Theo...
1d ago from MotorsportWeek.c...
IndyCar's new Aeroscreen makes early debut at Long...
The NTT IndyCar Series will have teams fit a new version of the Aeroscreen...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
WRC Croatia: Neuville, Evans tied for the lead after...
No description available...
40m ago from Motorsport.com
WRC Croatia: Neuville sets the pace to lead title...
No description available...
6h ago from Motorsport.com
Hyundai enacts contingency plan after WRC Kenya fuel...
No description available...
1d ago from Motorsport.com
WRC 2025 rules limbo creating “critical” situation...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
'There is a good chance' - Jurgen Klopp explains how...
No description available...
1h ago from SportsKeeda.com
Oliver Glasner wants £40m Premier League midfielder...
Crystal Palace have been linked with a move for Arsenal's Emile Smith Rowe...
2h ago from CaughtOffside.com
Premier League gameweek 34: Confirmed team news and...
Sports Mole rounds up every Premier League club's confirmed team news...
2h ago from SportsMole.co.uk
Mikel Arteta provides Jurrien Timber fitness update...
No description available...
1h ago from SportsKeeda.com
Comments
Hottest News
FIA announce crucial top three UPDATE in China after...
The top three drivers for Saturday's sprint race... Read More »
1h ago from GPFans.com
Sainz fears for Ferrari: 'If that happens, it will be...
Carlos Sainz finished fifth in sprint qualifying... Read More »
1h ago from GPBlog.com
FIA CANCEL important drivers' meeting after huge drama in...
An important meeting set to be held with all of... Read More »
7h ago from GPFans.com