Mercedes becomes first F1 team to exceed 500m turnover
The company that runs the squad, Mercedes-Benz Grand Prix Ltd., declared a turnover for 2023 of 546.5 million, which covers the year that ended December 31.This figure represents an increase of 71.9 million over the 2022 figure of 474.6 million.As a comparison, Red Bull Technology, the company behind Red Bulls F1 team, had a turnover of 385.6m in 2022.However, despite the increase in ... Keep reading