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Healthy profits continue to roll in for Mercedes in F1
Another banner year for Mercedes in 2018 produced another round of healthy profits for the championship winning team according to its latest accounts. Mercedes AMG F1's revenues, sourced from its prize money sponsorship and parent company Daimler AG, improved only slightly from £337.2m in 2017 to £338.4m in 2019. Overall costs year-over-year rose from £309.7m to £311.4m, leaving the Brackley squad with a nice post-tax profit of £13.3m. Mercedes sacks Brackley employees after racism complaint Relatively stable regulations in Formula 1 kept R&D levels in check, but Mercedes' payroll continued to rise - from £87.2m to £93.7m - as it boosted its headcount once again. Daimler AG's...
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