News Details
Ferrari F1 revenue takes massive hit amid COVID-19 crisis
Ferrari unsurprisingly announced on Monday a decline in its financials for the second quarter of 2020, with its revenue derived from F1 taking a significant hit because of the COVID-19 pandemic. The Italian sports car manufacturer saw its net Q2 profit fall from 184m last year to a mere 9m for the April-June period, as a drop in sales impacted its top and bottom lines. But the disrupted F1 season, marked by the late start of the 2020 campaign, the cancellation of many races and a final calendar that will likely include no more than 16 events out of the 22 that were initially scheduled, has taken its toll on the Scuderia's numbers. Binotto to focus only on team boss role amid Ferrari...
Full Story »
Full Story »
You May Also Be Interested In...
Ferrari’s 2020 F1 loss ‘in the high tens of...
Ferrari’s CEO Louis Camilleri says its loss of revenue from Formula...
5y ago from MotorsportWeek.com
No crisis meeting between Honda and Red Bull Racing:...
Red Bull Racing and Honda will not be satisfied with the start of the...
5y ago from GPBlog.com
Binotto to focus only on team boss role amid Ferrari...
Mattia Binotto is now free to focus exclusively on his organizational...
5y ago from F1i.com
Alonso will not be F1 'corona reserve' - Seidl
Aug.2 McLaren has dismissed rumours that Fernando Alonso is being lined...
5y ago from OneStopStrategy.com
Elsewhere On The Network
Popular On MGPToday.com
2026 MotoGP French Grand Prix – How to watch,...
No description available...
1h ago from Motorsport.com
Liberty Media reports MotoGP’s revenue and losses...
No description available...
16h ago from Motorsport.com
Johann Zarco: 'Maybe I have a chance' of repeat French...
No description available...
16h ago from Motorsport.com
Popular On IndyCarToday.com
Alex Zanardi: The man whose name is a synonym for...
No description available...
10h ago from Motorsport.com
Conor Daly tops Indy 500 test with 225mph lap on...
No description available...
10h ago from Motorsport.com
How to watch IndyCar 2026 Indy GP: Weekend schedule,...
No description available...
13h ago from Motorsport.com
Graham Rahal “not a fan” of new rule allowing...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Oliver Solberg snatches early advantage in Portugal
Oliver Solberg made a strong start to Rally de Portugal, ending...
3h ago from MotorsportWeek.c...
Oliver Solberg grabs Rally Portugal lead as Hyundai...
No description available...
13h ago from Motorsport.com
Why WRC drivers expect Portugal to deliver a rally...
No description available...
21h ago from Motorsport.com
Hyundai brings WRC engine upgrade to Rally Portugal
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Sources: Talks planned as Arsenal alerted to surprise...
Manchester City midfielder Tijjani Reijnders is attracting transfer...
57m ago from CaughtOffside.com
Expert reveals the truth about Arsenal star being eyed...
Arsenal forward Kai Havertz may have been linked with a transfer to Bayern...
28m ago from CaughtOffside.com
Like huge team crests in a stadium tunnel,...
y of us struggle to not get sucked into the content machine, even if we...
1h ago from TheGuardian.com
Arsenal gather information to sign Champions League...
Arsenal are preparing to flex their financial muscle, with Paris...
3h ago from CaughtOffside.com
Comments
Hottest News
Juncadella accuses FIA of ‘double standard' over...
May 8 Dani Juncadella thinks Lewis Hamilton... Read More »
1h ago from OneStopStrategy.com
Fresh rules talks on Friday amid ongoing 2026 concerns
May 8 Formula 1's controversial 2026 regulations... Read More »
1h ago from OneStopStrategy.com
Lewis Hamilton coming to terms with Ferrari false dawn
Lewis Hamilton arrived at the Miami Grand Prix... Read More »
57m ago from GPFans.com
