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Cadillac reports £121 million loss ahead of F1 entry
Original: Cadillac £121 million financial loss comes with huge F1 caveat
Cadillac's Formula 1 project has reported a financial loss of £121 million, but the figure comes with an important caveat. As a new team preparing to join the grid, heavy start-up spending on staff, facilities and car development was expected, so the loss does not necessarily signal trouble for the American outfit's F1 ambitions.
Why now: Cadillac is a new Formula 1 entrant and its large reported loss raises questions about the cost of joining the grid.
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- Cadillac £121 million financial loss comes with huge F1 caveat · racingnews365.com
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