News Details

Renault F1 Team reveals significant financial loss in 2018

The Renault F1 team generated more revenue in 2018 but the Enstone outfit took a hit to its bottom line for the first time in three years. Renault's improved results last season - marked by its fourth-place position in the F1 Constructors' standings - coupled with increased sponsorship allowed it to boost its revenue from £136.3m in 2017 to £146.6m in 2018. However, the team's income went the other way, dwindling from a £1.1m profit in 2017 to a significant loss of last year of £4.7m. "Despite the continued growth in turnover, financial results have deteriorated for the first time in three years, primarily driven by two factors," Renault stated. "Expected turnover was...
Full Story »
8mo ago from F1i.com 0
Share

You May Also Be Interested In...

Williams F1 team records financial loss for start of...

The Williams Formula 1 team has posted significant financial losses for...
8mo ago from Crash.net

Williams suffers big financial loss in first half of...

Williams Grand Prix Holdings, the public entity and holding of the...
8mo ago from F1i.com

Renault also recorded a big loss in 2018 after major...

Renault have also announced they made a loss from the 2018 Formula 1...
8mo ago from GPBlog.com

Renault report £7.4m loss for 2018

Despite an increase in revenue last season Renault have announced a...
8mo ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

Zarco: I was stopped at the border

Johann Zarco has become the latest MotoGP rider back on a grand prix...
12h ago from Crash.net

MotoGP News: KTM certain MotoGP engine freeze won't...

KTM insists the MotoGP engine freeze introduced to control costs in the...
11h ago from AutoSport.com

Jorge Martin set for Ducati MotoGP seat

Jorge Martin will move up to the MotoGP class next season, with a place...
11h ago from Crash.net

Lorenzo 'enjoying life' as a test rider, but…

Triple MotoGP champion Jorge Lorenzo is 'enjoying life' in his new role...
13h ago from Crash.net

Popular On IndyCarToday.com

24-car grid set for modified IndyCar opener at Texas

The NTT IndyCar series has finalized the entry list for this week’s...

Big challenge awaits Palou in IndyCar / oval debut

When Dale Coyne Racing with Team Goh rookie Alex Palou takes the track on...
38m ago from MotorsportWeek.c...

Popular On TotalWRC.com

M-Sport Win 2022 BTCC Engine Tenure

M-Sport will develop and supply the TOCA engine to the British...

Rally New Zealand Cancelled

Confirmation that the WRC's return to New Zealand will not happen this...

WRC's Rally Finland cancelled outright for 2020

The World Rally Championship has announced the outright cancellation of...

New Zealand cancelled, Turkey next planned WRC event

The World Rally Championship will remain on hiatus for at least the next...
11h ago from MotorsportWeek.c...

Popular On GunnersToday.com

How does Thomas Partey compare to Arsenal's current...

Arsenal continue to be credited with an interest in Atletico Madrid...
4h ago from SportsMole.co.uk

Project Restart: Merseyside derby set to take place on...

The Merseyside derby between Everton and Liverpool will reportedly be...
3h ago from SportsMole.co.uk

Project Restart: Schedule for first three weeks of...

The full schedule for the first three weeks of Premier League action has...
1h ago from SportsMole.co.uk

Ousmane Dembele agent addresses exit speculation

The agent of Barcelona attacker Ousmane Dembele has played down...
4h ago from SportsMole.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.