In the round-up: McLaren Racing reported a strong increase in turnover last year which helped the racing team to a profit of over £30 million.
In brief
McLaren reports £30m profit
McLaren’s latest financial figures show the operation, which includes Formula 1, IndyCar and Formula E teams, increased its revenue by 31% from 2022 to 2023, generating £431 million last year. The team attributed the rise to greater sponsorship revenues across its teams and a fall in interest payments. It turned in a profit of £30.4m before tax compared to a £9m loss in the previous year.
Its F1 team’s on-track performance improved last year, when it rose from fifth in the championship to fourth. It has continued that upward trajectory this year, winning five grands prix and taking the lead of the constructors’ championship last month.
McLaren also revealed its total energy consumption remained largely static between the two years, falling slightly from 20.7 million kWh to 20.4m. However its greenhouse gas emissions rose from 4,159 tonnes of CO2 to 4,264 in 2023.
Slater takes Italian F4 crown
Prema driver Freddie Slater clinched his second Formula 4 championship this year last weekend. The 16-year-old who won the F4 UAE title earlier this year won the Italian series at the Circuit de Catalunya in Spain, with one triple-header round remaining. Slater is also leading the Euro 4 championship which concludes at Monza this weekend.
“Prema Racing gave me an incredible car all year,” said Slater. “We faced different conditions: rain, dry, and many different temperatures. Vincent, my engineer, did an incredible job, and the whole Prema team has been fantastic. Hopefully, there are a few more wins to add to the list. I still want more wins. I want to add to that record if I can.”
Assetto Corsa Evo release date announced
Assetto Corsa Evo will be launched on Steam Early Access on January 16th next year. Publisher 505 Games said the next edition in the series, which will run on a new proprietary engine, will be a significant step forward for the title, including support for full 24-hour races plus new lighting, dynamic weather and track conditions.
Advert | Become a RaceFans supporter and
Links
Andretti tells AP ‘timing was right’ for a restructuring of Andretti Global (AP News)
‘And no, Andretti said with firm denial, he was not pushed out of IndyCar by series owner Roger Penske. ‘Absolutely not. I would not give Roger that much credit.”
Click Here to Read the Full Original Article at RaceFans…