News Details

Williams Advanced Engineering sold in £164m deal

Williams Advanced Engineering has been sold to Australian firm Fortescue Metals Group [FMG], in a deal worth £164 million. Fortescue have bought 100 percent of the company, and founder and chairman Dr Andrew Forrest says the deal came about as his company looks to help 'save the planet from cooking' by heading towards the ambitious aim of making FMG fully carbon neutral by 2030. An offshoot of the group, Fortescue Future Industries [FFI], has been geared towards helping the group achieve this aim for themselves and in the heavy industrial sector as a whole – which accounts for around 20% of global carbon dioxide emissions. FFI will work directly with WAE to help the company towards...
Full Story »
3mo ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Williams Advanced Engineering Ltd sold

Reports have emerged that Williams Formula 1 team have sold their...
3mo ago from GrandPrix247.com

Williams Advanced Engineering bought by Australian...

Australia's Fortescue Metals Group has bought Williams Advanced...
3mo ago from Pitpass.com

'Williams Advanced Engineering to be acquired for 164...

Williams Advanced Engineering, the engineering arm founded by Williams'...
3mo ago from GPBlog.com

Environmental group campaigning for Dutch Grand Prix...

A Dutch environmentalist group is calling for the Formula 1 race at...
4mo ago from Formula1News.co.uk

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Starting grid: 2022 Indianapolis 500

The full starting grid has been set for the 106th running of the...
2h ago from SpeedCafe.com

Dixon storms to Indy 500 pole position with 234mph run

Scott Dixon has taken pole position for the 106th running of the...
4h ago from SpeedCafe.com

VIDEO: Indy 500 Pole Day highlights

Highlights of Pole Day at the Indianapolis 500, when Scott Dixon qualified...
42m ago from SpeedCafe.com

Popular On TotalWRC.com

Rovanperä secures hat-trick of wins in Portugal

Kalle Rovanperä took his third victory of the season after a fierce...
13h ago from MotorsportWeek.c...

Popular On GunnersToday.com

No top-four finish but Arsenal’s future is bright

'Thanks for the love,' read a banner displayed on the pitch after the...
4h ago from SkySports.com

Mohamed Elneny pictured signing new Arsenal contract?

Arsenal midfielder Mohamed Elneny is seemingly pictured signing a new...
3h ago from SportsMole.co.uk

Highlights: Arsenal sign off with win over Everton

Five different players were on the scoresheet as Arsenal rounded off the...
7h ago from Arsenal.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.