News Details

Renault into the red after spending big

It's been revealed that Renault has gone into the red after spending big on certain things last year such as win bonuses. The team fell from a £1 million pre-tax profit the previous year to a £7.8 million loss in 2018. The Oxfordshire based teams ended up fourth in the constructors' championship last season as costs went up from £18.6 million to £152.3 million as the team looked to improve it's Chipping Norton factory. The fourth-place finish in 2018 was their best result as a team since they returned to the sport as Renault. Their best result since returning to F1 came as recently as last weekend when Australian driver Daniel Ricciardo secured a fourth-place...
Full Story »
1w ago from GPBlog.com 0
Share

You May Also Be Interested In...

Renault report £7.4m loss for 2018

Despite an increase in revenue last season Renault have announced a...
1w ago from PlanetF1.com

Renault reports £7.8m loss

In its efforts to catch Mercedes, Ferrari and Red Bull, Renault turned a...
1w ago from Pitpass.com

Ocon: I was afraid of being forgotten about

Next year Esteban Ocon will be back on the grid with Renault and reveals...
1w ago from GrandPrix247.com

Williams publish huge financial loss following poor...

Williams have literally paid the price for a poor 2018 season as they...
1w ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Aragon Preview: Marquez heads home for his 200th Grand...

After securing a hard-fought victory at Misano last weekend, Marc Marquez...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal legend Martin Keown says Bukayo Saka looks...

Bukayo Saka starred for Arsenal in their Europa League victory over...
2h ago from Express.co.uk

Arsenal star Bernd Leno's WAG dazzles on 'date night'...

London before her fella's Europa League clash tonight
4h ago from DailyStar.co.uk

Latest Europa League scores

The latest scores from the Europa League, with Celtic, Arsenal, Sevilla,...
4h ago from SkySports.com

Emery happy as Arsenal’s youth shine through in...

Head coach Unai Emery praised the performances of his young players as...
1h ago from FourFourTwo.com

Comments

Advertisements

Hottest News

Advertisements

Recent News

Advertisements

Advertisements

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.