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
How Raul Fernandez is chasing his next MotoGP contract
No description available...
15h ago from Motorsport.com
No new Yamaha MotoGP engine until after French GP,...
No description available...
1d ago from Motorsport.com
Aprilia on dominant MotoGP start: 'Ducati isn’t...
No description available...
2d ago from Motorsport.com
Davide Tardozzi: Ducati 'slapped in the face' by...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Complete IndyCar championship standings after Phoenix
No description available...
6h ago from Motorsport.com
Alex Palou's 100th IndyCar start ends in early crash...
No description available...
9h ago from Motorsport.com
Josef Newgarden earns thrilling IndyCar win at Phoenix
No description available...
7h ago from Motorsport.com
Will Power “ran me into the wall” says Rasmussen...
No description available...
6h ago from Motorsport.com
Popular On TotalWRC.com
Why Hyundai WRC team is "working at 120 per...
No description available...
2d ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
4d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Bargain asking price: Liverpool & Arsenal...
Clubs like Liverpool and Arsenal could reportedly be in luck as Real...
11h ago from CaughtOffside.com
Supercomputer predicts unthinkable Tottenham...
The Premier League table has been given a radical shake-up as a...
14h ago from CaughtOffside.com
Ashley Cole makes honest admission when asked if...
Chelsea legend Ashley Cole believes Arsenal can win the quadruple this...
14h ago from SportsKeeda.com
Arsenal looking to reinforce squad with 100m...
Arsenal have stepped up their pursuit of Newcastle United midfielder...
15h ago from SportsKeeda.com
Comments
Hottest News
F1: Australian Grand Prix: Result
Result of the Qatar Airways Australian Grand Prix. Read More »
45m ago from Pitpass.com
Oscar Piastri issues apology after crashing out of F1...
Oscar Piastri has apologised to his fans after... Read More »
45m ago from MotorsportWeek.com
2026 Australian Grand Prix - Race Results
Full race results from the Australian Grand Prix... Read More »
55m ago from F1i.com
