Image source: motorsport
P1racenews AI automatic summary:
Aston Martin posts $53m loss for 2022 F1 season
Despite increasing its turnover from sponsorship and prize money by over $32m, the team experienced a larger loss due to the overall increase in costs in the first year of the new regulations. The team now operates under AMR GP Limited, a subsidiary of AMR GP Holdings Limited. AMR GP generated a turnover of $188,728,000 in 2022, compared to $150,438,000 in 2021. The overall cost of sales rose to $152,046,000 from $107,735,000. As a result, the team incurred a loss of $52,915,000 in 2022, compared to $43,332,000 in 2021. The overall staff costs for the group increased by around 10% to $54,983,000.
Source: motorsport
