F1 budgets off the chart, $4.3 million per point

[BMW News]

Filed under: Motorsports, BMW, Honda, Mercedes-Benz, Toyota, Earnings/Financials, Ferrari, Renault



Ever wonder how expensive it is for a manufacturer to compete in Formula 1 racing? Not surprisingly, it ain't cheap. Each of the successful teams spend hundreds of millions of dollars on their programs, but success is not necessarily tied in to how much dough was spent. For instance, Ferrari, winners of this year's constructor's championship with 172 total points, spent about $2.4 million per point in 2008. McLaren and BMW, numbers two and three respectively, spent a bit more than that figure, but still under a cool $3 mil. Honda and Toyota, though, had budgets nearly as large as the top-tier manufacturers yet scored significantly fewer points. In fact, Honda's meager 14 points cost the automaker over 28 million buckaroos a piece, making theirs the most expensive points of all. On average, teams spent about $4.3 million per point. No wonder the sport is looking to cut its budget as soon as possible. Thanks for the tip, Keith!

[Source: F1 Fanatic]F1 budgets off the chart, $4.3 million per point originally appeared on Autoblog on Mon, 10 Nov 2008 17:33:00 EST. Please see our terms for use of feeds.



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