News Details
Marussia demise costs Ferrari, McLaren
Ferrari and McLaren are set to lose close to a combined £25 million following Marussia's collapse, according to a report.
Marussia went into administration in October and the team ceased trading a few weeks later with more than 200 employees made redundant while some of the assets were auctioned off in December.
The Sunday Telegraph reports that documents from administrators FRP Advisory has revealed that Ferrari and McLaren suffered heavy losses as a result of their financial woes.
Ferrari, who were Marussia's engine suppliers, are set to lose £16.6m ($25.81 million) while McLaren are likely to have to write off £7.1m ($11.04 million) following their technical partnership...
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10y ago from PlanetF1.com
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