P1racenews AI automatic summary:
How Mercedes F1 team earned £474m in 2022
occupied since its inception in 2010, with a final purchase price of £18.7m. This provides the team with long-term stability and control over its facilities. Overall, Mercedes’ financial report for 2022 showcases its success in the Formula One industry, with increased revenue from various sources and a solid profit after tax. However, the team anticipates a decrease in income for the 2023 season due to their third-place finish in the 2022 championship. Despite a rise in overall staff, costs were reduced, reflecting the team’s lower performance and lack of success bonuses. The acquisition of the Brackley site further solidifies Mercedes’ position in the sport.
Source: motorsport
