Williams Grand Prix Holdings PLC has announced increased pre-tax profits for the six months to June 30, 2017.The holding company for Williams Grand Prix Engineering Limited – the Formula 1 team – Williams Grand Prix Holdings PLC (WGPH) saw group revenue grow to £85.9 million ($115.28m) from £80.0m ($107.36m) compared...

Paddy Lowe has joined Williams in the role of Chief Technical Officer, in a move that has been described as a "game changer" by Claire Williams.Announcing the long-awaited move, Williams says the former Mercedes executive director "will take overall management responsibility for the engineering operation at Grove" while Lowe also...

The Williams Formula 1 team has made a profit of more than $5.276 million during the first half of 2016, according to its latest financial results.Williams took a bit hit financially to improve its competitive standing in F1 in 2014, but returned to profitability at the start of this season...

The Williams Formula 1 team has appointed shareholder Brad Hollinger as a non-executive director.Hollinger increased his shareholding to 15 percent following the purchase of shares previously owned by Mercedes motorsport boss Toto Wolff last month. The American healthcare entrepreneur is now the second largest shareholder in the team behind owner...

Williams has reported an improvement in its latest financial figures with the Formula 1 team returning to profit after a second successful season.The team finished third in the F1 constructors' championship for the second year in a row in 2015, and has now received its revenue for its '14 results.The...

Williams investor Brad Hollinger believes Formula 1's leaders should make a more concerted effort to tap into the potential offered by the United States.American Hollinger is now the second-largest shareholder at Williams with 15 percent after acquiring the final five percent owned by Mercedes motorsport boss Toto Wolff. The healthcare...

The Williams Formula 1 team has declared an improvement in its latest financial figures.Williams Grand Prix Holdings PLC, the holding company of the Williams group of companies, which includes Williams Grand Prix Engineering Limited, has released its interim results for the six months to June 30. In comparison to the...

Williams has reported that its Formula 1 team lost £42.5 million ($64.3m) last year, as its entire group lost £34.3 million ($51.9m).Although the team enjoyed its best season for years in 2014, finishing third in the constructors' championship, increased costs in F1 and its poor results from '13 meant its...

.Williams says the investment required to move toward the front of the Formula 1 grid explains losses of nearly $34 million for the first six months of the year.The team announced its interim financial results on Friday, with losses of $33.8 million for the F1 team and $30.7 million for...

Pat Symonds will join Williams next month in place of technical director Mike Coughlan.Symonds (LEFT), who has worked as a technical consultant for the Marussia team since 2011, will take up the role of chief technical officer on Aug. 19. The change has been made as a result of the...