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Renault report £7.4m loss for 2018
Despite an increase in revenue last season Renault have announced a £7.4m loss for their F1 team in 2018. Turnover rose from £136.3m in 2017 to £146.6m last year, boosted by their rise from P9 in the Constructors' Championship in 2016 to P6 in 2017. This created a financial benefit for the following 2018 season and bumped up sponsorship income. A small profit of £1.1m was recorded for 2017, but despite the increasing income a £7.4m loss has now been recorded for 2018. As quoted by Motorsport.com, Renault claim that the weak pound was one of two main causes, saying that 'despite the continued growth in turnover, financial results have deteriorated for the first time in three years,...
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4y ago from PlanetF1.com
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