News Details
Williams clarifies reports of financial loss
Williams has played down reports it suffered a financial loss last year, insisting instead that it is gearing up to expand.
Listed on the Frankfurt stock exchange, the British team this week revealed a pre-tax loss of almost $8 million last year, having turned a profit in 2011.
But spokesman James Francis said the financial report could not include almost $15 million in formula one income.
"If that figure had been included we would have turned a loss into a profit," he told the Oxford Mail.
"It would have been a smaller profit (than 2011), but a lot of investment has happened."
The Williams spokesman said building work on a new research and development department is...
Full Story »
Full Story »
12y ago from GrandPrix.com
0
You May Also Be Interested In...
Williams clarifies reports of financial loss
By Editor on Friday, May 3, 2013 Williams has played down reports it...
12y ago from F1Zone.net
Williams records £5 million loss in 2012
The Williams Group recorded a £5 million loss in 2012, its latest...
12y ago from TheF1Times.com
Williams takes a loss in 2012
Formula 1 team Williams made a pre-tax loss of £5 million ($7.76...
12y ago from F1Pulse.com
Elsewhere On The Network
Popular On MGPToday.com
Nicolo Bulega is not Ducati's "first choice"...
No description available...
17h ago from Motorsport.com
How Ai Ogura is starting to fulfil his MotoGP potential
No description available...
20h ago from Motorsport.com
Ducati carries out 850cc MotoGP bike shakedown at...
No description available...
1d ago from Motorsport.com
Pedro Acosta fears intense MotoGP format means shorter...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Christian Lundgaard: Bye week a chance to “unite”...
No description available...
8h ago from Motorsport.com
Roger Penske adds voice to discussion on US sports...
Roger Penske, owner of the NTT IndyCar Series and the Indianapolis Motor...
11h ago from MotorsportWeek.c...
Tweaked single-car Fast Six qualifying set for...
No description available...
1d ago from Motorsport.com
OpenAI expands partnership with Chip Ganassi Racing to...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Why WRC Croatia victory was “quite special” for...
No description available...
1d ago from Motorsport.com
Thierry Neuville crashes out of Croatia lead in final...
A dramatic WRC Rally Croatia kept the biggest shock for the Wolf Power...
2d ago from MotorsportWeek.c...
WRC Croatia: Driver crashes… then sits down for...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Sources: Arsenal willing to sell Jesus and Havertz to...
Arsenal are intensifying their efforts to secure the signing of Julián...
1h ago from CaughtOffside.com
We have a big game on Wednesday, not just Sunday
Morning. This feels like such a strange week because at the forefront of...
40m ago from Arseblog.com
‘No fear. Pure fire’: Mikel Arteta rallies wounded...
ager calls on players and fans to embrace the chance of Champions League...
20m ago from TheGuardian.com
Arsenal ready to sign 22-year-old La Liga ace as club...
Arsenal are looking to sign Gonzalo Garcia from Real Madrid at the end of...
13h ago from CaughtOffside.com
Comments
Hottest News
Charles Leclerc 'could be tempted' by sensational move to...
Charles Leclerc is green, white and rosso corsa... Read More »
20m ago from GPFans.com
Red Bull delivered warning ahead of Gianpiero Lambiase...
Red Bull announced last week that Gianpiero... Read More »
1h ago from RacingNews365.com
FIA safety car driver hands Max Verstappen Nurburgring 24...
Max Verstappen will be competing in the... Read More »
40m ago from RacingNews365.com
