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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...
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