News Details
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...
Full Story »
Full Story »
You May Also Be Interested In...
Ferrari’s 2020 F1 loss ‘in the high tens of...
Ferrari’s CEO Louis Camilleri says its loss of revenue from Formula...
4y ago from MotorsportWeek.com
No crisis meeting between Honda and Red Bull Racing:...
Red Bull Racing and Honda will not be satisfied with the start of the...
4y ago from GPBlog.com
Binotto to focus only on team boss role amid Ferrari...
Mattia Binotto is now free to focus exclusively on his organizational...
4y ago from F1i.com
Alonso will not be F1 'corona reserve' - Seidl
Aug.2 McLaren has dismissed rumours that Fernando Alonso is being lined...
4y ago from OneStopStrategy.com
Elsewhere On The Network
Popular On MGPToday.com
KTM hope ended by double retirement at MotoGP Italian...
No description available...
9h ago from Motorsport.com
Francesco Bagnaia "struggling a lot" after...
No description available...
10h ago from Motorsport.com
Yamaha's Mugello sprint pace causes concern for MotoGP...
No description available...
9h ago from Motorsport.com
MotoGP leader Marc Marquez 'surprised' by Italian GP...
No description available...
10h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar confirms lighter, more powerful Dallara...
No description available...
6h ago from Motorsport.com
IndyCar officially delays new chassis to 2028 season
The NTT IndyCar Series has released more details about its new engine and...
5h ago from MotorsportWeek.c...
Rookie Louis Foster takes first IndyCar pole at Road...
No description available...
5h ago from Motorsport.com
IndyCar Road America – Qualifying Results
The NTT IndyCar Series took a trip to the historic Road America circuit...
5h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
3d ago from MotorsportWeek.c...
FIA approves updated bodywork rules for WRC 2027...
No description available...
1w ago from Motorsport.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
“At one point we almost had no players” - Jurrien...
Jurrien Timber is expecting a busy transfer window for Arsenal, with the...
13h ago from SportsKeeda.com
Real Madrid ready to put Rodrygo and 3 other first...
Real Madrid are ready to offload Rodrygo Goes, Fran Garcia, Dani Ceballos,...
13h ago from SportsKeeda.com
Arsenal initiate move to sign playmaker regarded as a...
Arsenal are interested in signing the Paris Saint-Germain midfielder...
18h ago from CaughtOffside.com
Arsenal could launch surprise move for 31-year-old...
Arsenal could reportedly launch a move for Brentford midfielder Christian...
17h ago from SportsKeeda.com
Comments
Hottest News
Verstappen issues surprising Hamilton take with Abu Dhabi...
Four-time F1 world champion Max Verstappen has... Read More »
10h ago from GPFans.com
Domenicali thinks Vasseur needs 'to save all his energy to...
Amid speculations around Ferrari team boss Fred... Read More »
4h ago from F1Technical.net
How and when Aston Martin will replace BOTH drivers
The ambitious Aston Martin F1 team are hoping to... Read More »
9h ago from GPFans.com
