News On F1 - Formula 1 News, Results, Information and Statistics

Formula 1 Store
F1 Tickets, Tours, Gear
F1 Books
& Biographies

Formula 1 News - February, 2008
Ferrari finances looking healthy for '08

F1 Merchandise
Main Page
Formula 1 News
2015 F1 Schedule
2015 F1 Line-up
2014 F1 Results
F1 Teams
F1 Drivers
NewsOnF1 Mobile
10 'n' Pole
Register - Submit
F1 Regulations
The Forums
Live F1 Coverage
Time & Weather
Motorsport Shop
UK - USA
Motorsport Calendar

F1 Merchandise UK
F1 Merchandise USA

F1 Tours
F1 Tickets
F1 Diecast
F1 Videos
F1 Games
F1 Trivia
NewsOnF1 on Twitter
NewsOnF1 Blogs
MotoGP Tickets
Past Formula 1 Seasons
2014 F1 Results
2013 F1 Results
2012 F1 Results
2011 F1 Results
2010 F1 Results
2009 F1 Results
2008 F1 Results
2007 F1 Results
2006 F1 Results
2005 F1 Results
2004 F1 Results
2003 F1 Results

2002 F1 Results

2001 F1 Results

2000 F1 Results

1999 F1 Results

1998 F1 Results

1997 F1 Results
Links
2010 World Cup
Translate
Search
Contact Us
About
Archives
Your Say
Diagnosis & Prognosis
By the Heretic
Controversy Corner
The Real Race
By the Quali-flyer
F1 Testing
8 'n' Pole
2006 World Cup

Feb.13 (GMM) As well as having seemingly the quickest car for the forthcoming season, Ferrari also boasts a particularly healthy financial outlook.

The accounts of the Italian marque's manufacturer parent, Fiat, revealed recently that the famous Maranello sports car maker recorded sales of (euros) 496m last quarter, with a trading profit of 196m -- increases of more than 20 per cent.

Additionally, the F1 financial report Formula Money reveals that Ferrari received a whopping (US) $100m payment from Formula One Management, for winning the 2007 championship under the improved financial terms of the sport's new ownership.

The amount also includes part of an extra payment for Ferrari, promised by FOM for committing to F1 over a proposed breakaway series a few years ago.

In contrast to McLaren, which had to cough up $100m to the FIA for the espionage scandal, Ferrari's payment is believed to be the biggest amount ever received by a championship winning team.

Red Bull driver Mark Webber was asked about Ferrari's reported $100m windfall in discussion with Australian journalists recently.

"They're in good shape so it's nice to be in that position if you could be, yeah," he said.

Discuss this topic on NewsOnF1 Forums

Back to the main news page

Back To Top


Loading


Official 2009 F1 Season Review

Grand Prix Data Book
Every Record from 1950-2005

Autocourse 2009 Annual

F1 World Championship Yearbook 2006

Formula 1 Technical Analysis: 2005

The Great Encyclopedia of Formula 1: 2007 Edition

The Official Tribute To Ayrton Senna
1960 To 1994

Chariot Makers: Assembling the Perfect Formula 1 Car

The Science of
F1 Design

F1 Racing Magazine

Autosport Magazine

Formula 1 Driver Biographies

Auto Magazines

Formula 1 Books

Race Driving Books

Race Car Design Books


Ayrton Senna

Past Formula 1 Drivers