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...
5y 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...
5y 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...
5y ago from F1i.com
Alonso will not be F1 'corona reserve' - Seidl
Aug.2 McLaren has dismissed rumours that Fernando Alonso is being lined...
5y ago from OneStopStrategy.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati playing “catch-up” to Aprilia but insists...
No description available...
4h ago from Motorsport.com
Massimo Rivola: Aprilia has become the ‘benchmark’...
Massimo Rivola has admitted that Aprilia has become the current reference...
6h ago from MotorsportWeek.c...
Why Gresini has flirted with leaving Ducati in MotoGP
No description available...
1d ago from Motorsport.com
Jonathan Rea explains why ‘mental management’ will...
Jonathan Rea believes Toprak Razgatlioglu's chances of success in MotoGP...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
6d ago from Motorsport.com
Fast-paced schedule proving beneficial for IndyCar’s...
The NTT IndyCar Series recently completed its fourth racing weekend in...
3d ago from MotorsportWeek.c...
Winners and losers from IndyCar at Barber Motorsports...
No description available...
4d ago from Motorsport.com
Pato O’Ward left searching for answers after...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Storm damage forces changes to WRC Rally Islas...
No description available...
2d ago from Motorsport.com
Kalle Rovanpera returns to WRC with Subaru
Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...
4d ago from MotorsportWeek.c...
Former FIA vice president and WRC boss Morrie Chandler...
No description available...
6d ago from Motorsport.com
Subaru teases new rally car for Japanese Championship
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Southampton social media brutally trolls Arsenal after...
Southampton’s social media team has added salt to the wounds of the...
5h ago from CaughtOffside.com
Alan Shearer makes bold Premier League title...
Newcastle United legend Alan Shearer believes that Arsenal will find it...
5h ago from SportsKeeda.com
Arsecast Extra Episode 689 – 05.04.2026
Welcome to another Arsecast Extra, the Arsenal podcast, with myself and...
4h ago from Arseblog.com
Mikel Arteta takes full responsibility for Arsenal's...
Arsenal boss Mikel Arteta attributed the team's 2-1 FA Cup quarter-final...
6h ago from SportsKeeda.com
Comments
Hottest News
Red Bull reveals why it is so far behind the competition in...
Red Bull is paying a heavy price for a decision... Read More »
2h ago from MotorsportWeek.com
‘Rusty, me?’: Perez fires back at Andretti’s Cadillac...
Sergio Perez isn’t taking lightly the... Read More »
1h ago from F1i.com
Crucial Red Bull deficit identified: 'Certainly doesn't...
GPDA chairperson Alex Wurz has zeroed in on an... Read More »
2h ago from RacingNews365.com
