June 6, 2016 / by index / Wiliams / No Comments

Williams To Retain Focus On F1

The financial reports reveal that Williams Formula 1 has a good strategy in place.

The team has been in doldrums for about a decade. However, having invested in F1 operations since 2014 the team seems to be getting back on the ground financially. The independent F1 team might not be looking rosy as yet this year, but the season is yet to unfold.

The team has had two finishes in third places. That in turn has attracted several sponsors. That in turn has boosted the revenues of the F1 team of the company. The team has reported profits this year and hopes to improve upon the same after incurring over a million in losses in 2014. The company has also seen profits coming in from the division of Advanced Engineering. The company has its core expertise in motor sport and automotive but it is now expanding to defense as well as aerospace.

The two new business areas are poised for growth. Also, as these divisions go on longer contracts and are less cyclical in nature, O’Driscoll feels that it will bring instability for the company. (more…)

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March 30, 2015 / by index / Wiliams / No Comments

Symonds admits Ferrari is ahead of Williams F1

Pat Symonds has admitted that Williams F1 has fallen behind a resurgent looking Ferrari F1 team in the pecking order after the team lost out to new Ferrari driver Sebastian Vettel in the race to finish third at the season opening Australian Grand Prix in Melbourne last weekend.

The Grove based team was forced to start the race with only one car after the FIA medical team deemed Valtteri Bottas unfit for racing but Felipe Massa was not able to take his chances and finish as best of the rest in third position, despite starting the race from third place and lost out to Vettel.

Massa ran the early part of the race in the podium places and also made an early pit stop, which, in theory, should have helped him to maintain his position considering the fact that he had fresher tyres. Yet, such was the Ferrari F1’s pace over them that Vettel was able to overtake him from the pit, rejoining the race ahead of the Brazilian.

And Symonds said that Williams F1 has a lot of work to do because Ferrari F1 is quicker than them at the moment.

He also said that tactically, it was quite a difficult race and the team felt the way Vettel was right behind the team at all times, he must be pretty quick and they had to avid the undercut and as a result, went for an early stop and Vettel showed how quick he was in those two laps. (more…)

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February 28, 2015 / by index / Wiliams / No Comments

Wolff Sells More Williams F1 Shares

Mercedes motorsport chief has sold off more Williams F1 shares which has reduced his shareholding to a mere 5%. It is American businessman Mr. Brad Hollinger who has bought the huge volume of shares from the Merc chief.

Toto has been continuously depleting his connection with Williams ever since he took the reins at Mercedes & in 2014 only he sold 5 percent of shares to healthcare entrepreneur Hollinger. More shares have been exchanged & the American entrepreneur is the holder of 10% Williams share now. Ironically, Wolff’s involvement has been reduced to a mere half of that.

Wolff has stated in one of his recent press meets that both he & his bosses are glad now that his low investment level at Williams is less enough to create any dispute of interest. (more…)

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