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...

Mercedes motorsport boss Toto Wolff has severed all ties with Williams by selling the final five percent of his shares in the Formula 1 team.In his former role with Williams, Wolff first invested in Williams Grand Prix Holdings [WGPH] in 2009, helping to launch the team on the Frankfurt Stock...