News Details
Williams reveals over than $50 million loss
Williams has revealed it recorded a more than $50 million loss in 2014. The Grove team, listed on the Frankfurt stock exchange, enjoyed a surge in performance last year following a long slump, but took a financial hit due to 'lower revenue and higher costs'. In a statement, Williams explained that it had embarked on a 'turnaround strategy' in 2013 'following a number of years of deteriorating performance'. 'Consequently, and as anticipated, 2014 was a year of transition,' the team admitted, due in part to lower income and sponsorship as a result of finishing a woeful ninth in the 2013 world championship. Higher costs, Williams added, were due to 'the introduction of the new hybrid power...
Full Story »
Full Story »
11y ago from GrandPrix247.com
0
You May Also Be Interested In...
Williams reports substantial loss for 2014
– Williams Grand Prix Holdings has reported a sizeable loss of...
11y ago from GPUpdate.net
Williams group posts £34.3m loss for 2014
Williams Grand Prix Holdings has announced a substantial £34.3m loss for...
11y ago from Crash.net
Williams reports £34.3m loss in 'year of transition'
Williams Grand Prix Holdings PLC today announced the Group's financial...
11y ago from Pitpass.com
Mercedes deny Hamilton has signed 175 million deal
Mercedes has denied reports suggesting Lewis Hamilton has finally...
11y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Should there be a tear-off rule following Marco...
No description available...
16h ago from Motorsport.com
Miguel Oliveira reveals what’s ‘more difficult’...
Miguel Oliveira says WorldSBK’s race weekend format is harder to adapt...
21h ago from MotorsportWeek.c...
MotoGP eliminates wildcard riders from 2027 season
No description available...
1d ago from Motorsport.com
How MotoGP’s energy drink landscape could shift
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher shares injury update after breaking...
No description available...
1d ago from Motorsport.com
Dual-tone Chevy ZR1X pace car revealed for...
The NTT IndyCar Series has revealed the Chevrolet pace car for the...
1d ago from MotorsportWeek.c...
Rookie Caio Collet tops last day of Indy 500 Open Test...
No description available...
2d ago from Motorsport.com
Rookie Caio Collet fastest in two-day Indy 500 open...
The NTT IndyCar Series held its traditional two-day open test for the...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
M-Sport weighs up WRC new car build as all options...
No description available...
2d ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
2d ago from Motorsport.com
How Dani Sordo brings "different ideas" to...
No description available...
2d ago from Motorsport.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Sources: Man United scouting 60m powerhouse repeatedly...
Sunderland midfielder Noah Sadiki is shaping up to be one of the headline...
1h ago from CaughtOffside.com
Slight rotation likely as Fulham visit
Morning all. We go again later this afternoon when we take on Fulham at...
24m ago from Arseblog.com
Arsenal battle Man United for 11-goal sensation who...
Arsenal are interested in signing the Bournemouth attacker Eli Junior...
24m ago from CaughtOffside.com
PSG and Bayern in ‘different world’ to tired...
t;li>Arteta: ‘The difference in the leagues is night and...
9h ago from TheGuardian.com
Comments
Hottest News
Adjusted 2026 F1 Miami Grand Prix Sprint starting grid...
Find out who is starting where for the 2026 F1... Read More »
2h ago from RacingNews365.com
Perez wants ‘four more years' after F1 return
May 2 Sergio Perez says he wants to extend his... Read More »
24m ago from OneStopStrategy.com
Drivers unimpressed by Miami tweaks as bigger rule calls...
May 2 Formula 1's regulation tweaks are debuting... Read More »
24m ago from OneStopStrategy.com
