Apr 29, 2013, 12:04 PM EDT
Williams posted a $7.8m loss last year despite scoring its first F1 victory since 2004. The Formula One team reported its annual results for 2012 on Monday.
Chief executive officer Alex Burns noted that $14.59m in income from Formula One “has not been included in these results because of the technical interpretation of today’s accounting standards”.
Founder and team principal Sir Frank Williams said: “2012 saw Williams make encouraging progress on and off the track and we are determined to continue that upward trend in 2013.”
“The win at the 2012 Spanish Grand Prix was a particular highlight and we continue to develop strong sponsorship partnerships and engineering relationships. At the end of the year the Williams F1 Team finished eighth in the FIA Formula One World Constructors’ Championship.”
“There is still a way to go for the team to get to where we should be, but improvements on previous seasons are evident.”
It’s been a period of mixed fortunes for Williams. Their win in Spain came after the surprise resignation of chairman Adam Parr. Over the remainder of the season they generally failed to deliver on the potential of the FW34.
The team has also lost chief operations engineer Mark Gillan since then and executive director Toto Wolff, who moved to Mercedes.
The loss of Sir Frank’s wife Virginia to cancer came on the eve of the new season. The team is yet to score a point in four races this year, but has a major upgrade planned for the next race at the scene of its 2012 triumph.
Oct 1, 2014, 11:15 AM EDT
Jeff Gordon is now just three top-10 finishes away from tying Mark Martin for second most top-10s in a career. And in an ironic twist, Gordon is still seeking his first pole at this Sunday’s race venue, Kansas Motor Speedway.
Oct 1, 2014, 10:33 AM EDT
More details revealed ahead of Honda’s return to F1 in 2015 with McLaren.
Oct 1, 2014, 10:25 AM EDT
Clint Bowyer’s officially a father.
Oct 1, 2014, 10:16 AM EDT
Veteran NASCAR crew chief Mike Ford has joined Athenian Motorsports, the Nationwide Series team announced Wednesday.
Oct 1, 2014, 9:59 AM EDT
Sauber confirms that her testing programme has been scrapped due to “financial reasons”.
Sep 30, 2014, 8:00 PM EDT
“Driver 88″ discusses his performance issues in the Challenger Round with NASCAR AMERICA’s Rick Allen.
Sep 30, 2014, 7:00 PM EDT
How do you prepare for two races and then a free-for-all at Talladega? Rick Allen and Kyle Petty of NASCAR AMERICA discuss.
Sep 30, 2014, 6:15 PM EDT
Also: Crew chief in same series fined, put on probation for car weight issue from last weekend at Dover.
Sep 30, 2014, 5:30 PM EDT
Williams’ gap on Ferrari for third in the Constructors’ Championship is down to nine points going into this weekend’s Japanese Grand Prix.
Sep 30, 2014, 4:45 PM EDT
Also coming up today: A closer look at the Contender Round tracks and who’s been successful at them; Joe Gibbs Racing focusing on continued momentum at Kansas; more radio goodness with the Dover Chase edition of “Scan All 43.”
Sep 30, 2014, 4:15 PM EDT
Sixteenth in the 2014 IndyCar season was rookie Mikhail Aleshin, ever the fighter.
Sep 30, 2014, 3:50 PM EDT
Agag hopes for “three or four different makers of motors and batteries” during F-E’s second season.
Sep 30, 2014, 3:15 PM EDT
P15 caps a difficult IndyCar season for Justin Wilson and Dale Coyne Racing.
Sep 30, 2014, 2:47 PM EDT
The son of two-time Nationwide Series champion Randy Lajoie will race the upcoming NNS events at Kansas, Charlotte, Texas, and Homestead.
Sep 30, 2014, 2:15 PM EDT
Charlie Kimball fights through an OK, but often challenging, 2014 season en route to P14 into the IndyCar standings.
Sep 30, 2014, 1:55 PM EDT
20 multicultural and female drivers from across the U.S., Canada, Mexico, and South America will seek to earn a spot in the D4D’s Class of 2015.
Sep 30, 2014, 1:15 PM EDT
“The Mayor” has now apparently become The Minister.
Sep 30, 2014, 12:00 PM EDT
A busy day for members of two IndyCar teams, as Penske and CFH drivers head to New Jersey and Mid-Ohio, respectively.
Sep 30, 2014, 11:00 AM EDT
Two years ago, Kamui Kobayashi stood on an F1 podium in his home country, with Sauber. It seems so long ago, now.
Sep 30, 2014, 10:00 AM EDT
Some of the stats of note as we head into the Japanese Grand Prix.
Video from NASCAR America
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- NASCAR AMERICA: Dale Earnhardt Jr. aims for better results in Chase (VIDEO) 1
- NASCAR AMERICA: Jeff Gordon, 24 team make statement at Dover (VIDEO) 0
- Weekend wrap-up: Was first Chase elimination race an exciting one? 0
- Tony Stewart speaks, cites overwhelming support in the search of return to normalcy 19
- Simon Pagenaud confirmed at Team Penske in fourth IndyCar 3
- Jeff Gordon advances to next round of Chase with first Dover victory since 2001 6