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Ferrari F1 revenue takes massive hit amid COVID-19 crisis

Ferrari unsurprisingly announced on Monday a decline in its financials for the second quarter of 2020, with its revenue derived from F1 taking a significant hit because of the COVID-19 pandemic. The Italian sports car manufacturer saw its net Q2 profit fall from 184m last year to a mere 9m for the April-June period, as a drop in sales impacted its top and bottom lines. But the disrupted F1 season, marked by the late start of the 2020 campaign, the cancellation of many races and a final calendar that will likely include no more than 16 events out of the 22 that were initially scheduled, has taken its toll on the Scuderia's numbers. Binotto to focus only on team boss role amid Ferrari...
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