News Details
F1 revenue loss hitting Ferrari in the “harshest manner”
Ferrari CEO Louis Camilleri says Formula 1’s “drastic” loss of revenue amid the coronavirus crisis is hurting its finances in “the harshest manner”. The company reported a 30% decrease in income throughout the first quarter of 2020, which has been largely affected by a hiatus to racing due to the ongoing COVID-19 pandemic. The 2020 F1 season is currently on hold with the opening 10 races either postponed or cancelled. Championship officials still hope to stage up to 18 events and are targeting getting the campaign off the ground with a series of behind closed doors races beginning with the Austrian Grand Prix on July 5. And the suspension to racing has hit Ferrari’s finances...
Full Story »
Full Story »
You May Also Be Interested In...
Camilleri: No Formula 1 a ‘big hit' to Ferrari's...
Formula 1's coronavirus-induced hiatus has almost completely wiped-out...
5y ago from GrandPrix247.com
Budget cap will make F1 sustainable, says Ferrari CEO
Though yet to agree on the figure, Ferrari CEO, Louis Camilleri admits...
5y ago from Pitpass.com
Ferrari taking "a big hit" to revenue...
Ferrari CEO Louis Camilleri has confirmed that without Formula 1 the...
5y ago from GPFans.com
Lost F1 income a ‘big hit', says Ferrari, as...
Ferrari’s CEO Louis Camilleri says the lack of Formula 1 action in 2020...
5y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP to stream free in US on new dedicated 24/7...
No description available...
11h ago from Motorsport.com
Kuala Lumpur emerges as favourite to host 2026 MotoGP...
No description available...
14h ago from Motorsport.com
BMW admits 2027 MotoGP entry ‘not viable’ as it...
BMW has admitted it is “not viable” for the German manufacturer to...
1d ago from MotorsportWeek.c...
Why the next contract matters more to Fabio Quartararo...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Winners and losers from IndyCar’s Portland 2025...
No description available...
1d ago from Motorsport.com
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
1d ago from MotorsportWeek.c...
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
2d ago from MotorsportWeek.c...
Alex Palou clinches title, becomes IndyCar’s newest...
Alex Palou is the champion of the 2025 NTT IndyCar Series, having locked...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How WRC's crucial 2027 rules are falling into place
No description available...
9h ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1w ago from MotorsportWeek.c...
Kurt Busch backs WRC return to USA after first taste...
No description available...
1w ago from Motorsport.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal will look to sign LaLiga superstar if they...
Arsenal have reportedly made Real Madrid forward Rodrygo their Plan B if...
6h ago from SportsKeeda.com
Theo Walcott makes scoreline prediction for Premier...
Former Premier League star Theo Walcott has backed Arsenal to beat...
9h ago from SportsKeeda.com
Offer accepted: Arsenal very close to finalising...
Arsenal are now closing in on the capture of Eberechi Eze from Crystal...
11h ago from CaughtOffside.com
Gyokeres, Sesko, Ekitike - Forwards with power to...
With Premier League clubs making major upgrades to their attacking...
14h ago from SkySports.com
Comments
Hottest News
Daniel Ricciardo explains striking new look after F1 axe
Daniel Ricciardo has undergone a visible change... Read More »
5h ago from GPFans.com
Hamilton’s Ferrari contract: The clause that could change...
In a twist that adds yet another layer to one of... Read More »
9h ago from F1i.com
Aston Martin receive Lance Stroll sacking ultimatum
Aston Martin have been told they must drop Lance... Read More »
7h ago from GPFans.com
