Thursday, July 21, 2011

Renault lost £40m in 2010

The Lotus Renault GP team has lost £40m in 2010 under the new owners Genii because of a lack of sponsors and the lost of financial support from Renault.

The team’s income fell dramatically last year by 49% from £162.0m to £82.1m. Operating costs were cut by from £148.7m to £122.1m, the team pointing out that “a significant part of this saving related to the change in the team’s driver line-up.”

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