{"id":135751,"date":"2010-01-04T09:29:00","date_gmt":"2010-01-04T14:29:00","guid":{"rendered":"http:\/\/www.autoblog.com\/2010\/01\/04\/report-09-f1-participants-needed-to-sell-more-than-25-000-cars\/"},"modified":"2010-01-04T09:29:00","modified_gmt":"2010-01-04T14:29:00","slug":"report-09-f1-participants-needed-to-sell-more-than-25000-cars-to-break-even-on-investment","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/135751","title":{"rendered":"Report: ’09 F1 participants needed to sell more than 25,000 cars to break even on investment"},"content":{"rendered":"

Filed under: Motorsports<\/a>, BMW<\/a>, Mercedes-Benz<\/a>, Toyota<\/a>, Earnings\/Financials<\/a>, Ferrari<\/a>, Renault<\/a><\/p>\n

\"\"<\/a><\/p>\n

Melbourne, Australia newspaper The Age<\/em> has a story on the break-even point for automakers in Formula One. The numbers are based on research done by Formula Money, a company devoted to detailing the financial goings-on in F1 – however, they don’t make much sense at first glance. According to The Age<\/em>, F1’s manufacturer-backed teams “Ferrari<\/a>, Mercedes-Benz<\/a>, BMW<\/a>, Renault<\/a> and Toyota<\/a> spent €608 million ($970 million) on Formula One racing” last year. To recoup that total investment they needed to sell at least 25,000 cars, combined, at an average price of $38,800.<\/p>\n

The questions arise when it is claimed that Ferrari “makes €275,000 ($393,643 U.S.) per car sold, and so only needs to sell 153 vehicles to break even on its €42 million ($60 million U.S.) investment in F1.” We can hardly believe Ferrari spent just $60M on F1 last year; if so, that would have left the other four teams to spend an average of $227.5M apiece based on a total spend of $970M.<\/p>\n

According to F1 Fanatic’s team budget numbers<\/a> for 2008, Ferrari spent $414.9 million, and going by F1 Network’s numbers<\/a> for 2009, Ferrari spent $365 million last year. We don’t know where the truth is among the numbers in The Age<\/em>‘s report. What we do know, however, is that no matter what the real numbers are, they never added up for BMW<\/a>, Renault<\/a> or Toyota<\/a>.<\/p>\n

[Source: The Age<\/a>]<\/p>\n

Report: ’09 F1 participants needed to sell more than 25,000 cars to break even on investment<\/a> originally appeared on Autoblog<\/a> on Mon, 04 Jan 2010 09:29:00 EST. Please see our terms for use of feeds<\/a>.<\/p>\n

<\/h6>\n

Read<\/a> | Permalink<\/a> | Email this<\/a> | Comments<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Filed under: Motorsports, BMW, Mercedes-Benz, Toyota, Earnings\/Financials, Ferrari, Renault Melbourne, Australia newspaper The Age has a story on the break-even point for automakers in Formula One. The numbers are based on research done by Formula Money, a company devoted to detailing the financial goings-on in F1 – however, they don’t make much sense at first […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-135751","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/135751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=135751"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/135751\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=135751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=135751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=135751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}