News Details

Renault reveal reduced losses for 2016

There is a healthier outlook for the Renault Sport F1 team after they recorded much improved financial results for their first season back in the sport. The Enstone team have brought losses down from £57million in the final year under the Lotus name to just £3.3million in the year they finished ninth in the World Constructors' Championship. Turnover has risen from £78.4million to £119.7million, while the staff numbers have now jumped to over 600 from 511 last year that has led to a £2million wage bill. The increase in wages has also been reflected in the overall cost of sales at £12million and fixed assets have also risen by £11.8million. Renault...
Full Story »
6y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Renault F1 team losses reduced massively in 2016

The Renault Sport F1 team has posted much improved financial figures for...
6y ago from Motorsport.com

Red Bull reveal their new look

Red Bull Racing is the latest team to reveal their new European look, or...
6y ago from PlanetF1.com

Renault hoping to deliver improved race pace in Russia

Renault chiefs are confident that work undertaken during the in-season...
6y ago from MotorsportWeek.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Abel ends Indy 500 entry hopes, cites funding as cause

Abel Motorsports will not be fielding a car in this year’s Indianapolis...

American flag livery returns for AJ Foyt Indy 500 entry

AJ Foyt Racing announced Wednesday that it is bringing its popular...

Chevrolet confirms it had no knowledge of Team Penske...

Just over a week has passed since IndyCar announced the disqualification...

Popular On TotalWRC.com

Popular On GunnersToday.com

100m Arsenal target 'can't promise' that he will stay...

Sporting CP were crowned champions of Portugal this weekend and a big...
2h ago from CaughtOffside.com

Michael Owen believes Arsenal's Bukayo Saka should be...

Pundit Michael Owen believes that England manager Gareth Southgate should...
3h ago from CaughtOffside.com

Transfer news: Toney to Arsenal, Jesus exit, Chelsea...

This article was originally published on Fabrizio Romano’s Daily...
30m ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.