News Details
Williams intends to grow despite financial loss
5 May, 2013 Williams has played down reports it suffered a financial loss in 2012, 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 1 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 still...
Full Story »
Full Story »
12y ago from YallaF1.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 clarifies reports of financial loss
Williams has played down reports it suffered a financial loss last year,...
12y ago from GrandPrix.com
Ecclestone: F1 IPO is going ahead this year
Formula One's initial public offering (IPO) will definitely go ahead in...
12y ago from TheF1Times.com
Elsewhere On The Network
Popular On MGPToday.com
What happened at MotoGP’s official season launch in...
No description available...
44m ago from Motorsport.com
Yamaha: ’2026 MotoGP bike not performing badly but...
No description available...
5h ago from Motorsport.com
Honda’s Joan Mir believes Ducati has given rivals a...
No description available...
1d ago from Motorsport.com
How Ducati sent a warning to its MotoGP rivals at...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Zak Brown “would love” Indy 500 reunion with...
No description available...
1d ago from Motorsport.com
Arrow McLaren unveils liveries for 2026 IndyCar...
Arrow McLaren has taken the wraps off its trio of challengers for the...
2d ago from MotorsportWeek.c...
Arrow McLaren officially opens doors to new home in...
No description available...
1d ago from Motorsport.com
Mick Schumacher building confidence after first...
Mick Schumacher completed his first oval laps in an IndyCar on Wednesday...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Esapekka Lappi thought his WRC career was over, but...
No description available...
1d ago from Motorsport.com
Kalle Rovanpera co-driver Jonne Halttunen lands Toyota...
No description available...
1d ago from Motorsport.com
Iconic Ouninpohja stage dropped from 2026 WRC Rally...
No description available...
4d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
“He never learns” - Arsenal fans furious with...
Arsenal fans have been left feeling displeased with manager Mikel Arteta...
53m ago from SportsKeeda.com
Arsenal v Sunderland – live blog
Join us for live blog coverage of our Premier League clash at home to...
54m ago from Arseblog.com
The four games Cristian Romero will miss after red...
Cristian Romero's red card for Tottenham in today's game against...
1h ago from CaughtOffside.com
Verbal agreement reached as Arsenal & Chelsea...
Fabrizio Romano reports that Juventus attacking midfielder Kenan Yildiz...
4h ago from CaughtOffside.com
Comments
Hottest News
Alpine reveal F1 2026 goal after torrid slump
Alpine suffered a painful F1 campaign last year... Read More »
53m ago from RacingNews365.com
Schumacher’s first F1 winner misses 8.5M estimate at...
Michael Schumacher’s first taste of Formula 1... Read More »
44m ago from F1i.com
F1 News Today: Lewis Hamilton Ferrari exit condition...
The chances of Lewis Hamilton exiting Ferrari... Read More »
23m ago from GPFans.com
