P1racenews AI automatic summary:
Aston Martin declares huge loss for 2022 F1 campaign
Aston Martin reported a loss of $53 million for its Formula 1 campaign in 2021, despite an increase in turnover due to sponsorships and prize money. The company has been expanding its F1 operation, including the construction of a new factory at Silverstone. The new factory officially opened in July. The financial report revealed a commitment of $64,985,490 for the development of the Aston Martin F1 Campus. The figures showed a turnover of $188,728,000, but expenses for racing significantly rose, resulting in a loss of $52,915,000. The company employed 504 staff members, with 81 in administration and 423 in design, production, and technical roles. Aston Martin also directed a marketing contribution of £19,208,000 towards the Aston Martin Lagonda road car company. Falcon Racing Services Inc was paid $1,835,000 for Lance Stroll’s racing services. Aston Martin ended the F1 campaign in seventh place in the Constructors’ Championship.
Source: RacingNews 365
