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Mercedes reports improved financial results for 2015
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Mercedes' company accounts have revealed a loss of £22.3 million for the 2015 Formula One season where it successfully defended its Drivers’ and Constructors’ world championships. This actually marks a noticeable improvement from 12 months ago when Mercedes-Benz Grand Prix Ltd, the company name of the Mercedes AMG Petronas F1 team, posted a loss of £76.9 million for 2014. According to Autosport, the annual report read that the losses were “within the pre-defined parameters set by the shareholders” with motorsport boss Toto Wolff saying that Mercedes “exceeded expectations yet again” in 2015 and was "able to maintain or improve upon the high...
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