Renault F1 team losses reduced massively in 2016

Having lost £57.0m in its last year under the Lotus name in 2015, the Enstone team reduced that to £3.3m in 2016, when it finished ninth in the world championship.In addition, turnover rose from £78.4m to £119.7m, representing a year-on-year increase of £41.3m, or 52.7%.The 2015 figures were impacted negatively by what Renault calls “some one-off transactions,” while it credits … Keep reading

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