Team principal James Vowles explained the team’s 2024 season and the impact of financial issues on its development. Grove’s company was very poor and much of its returns were spent. Simply put, Vowles didn’t have the money to make them a top team going forward.
In an interview with AMuS, Vowles talked about the team’s budget. The increased investment gave Williams a net worth of $65 million, of which $45 million was lost. That leaves them with just $20 million, but at best Vowles would be worth $122 million.
James Vowles: 45 of $65 million spent. Now we have 20 million more. Basically, we need $142 million to reach the team level.
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That’s a lot of money that neither Vowles nor Williams will get. This affects their development over time. Also, considering the amount of money you can lose if your car is in an accident, the cost of repairs can be very high. For that, Vowles will have to work hard.
“This means eliminating our greatest weaknesses. As an example of construction. Parts not made in house cost three to four times more and are a waste of time.
Therefore, we have increased our in-house capabilities.
But in the long run, Vowles has a plan. It was nice to see the famous England team rise to the top again.
James Vowles reveals William’s future plans.
Vowles has several areas to invest in that it hopes will pay off in the coming years. For example, Williams will get a new simulator and new software to “record turning points”. The
simulator is expected to be released in 2025, and Vowles said the software will be available by the middle of next year. They are trying to spend money, but the other thing they want is the wind tunnel. But the good news is that the money they spend on gas testing is not included in their budget limit.
The 2024 launch will take place at the Puma NYC flagship store in Midtown Manhattan. Visit williamsf1.com for more information 😀
The 2024 launch will take place at Puma’s NYC flagship store in Midtown Manhattan. Learn more at williamsf1.com 😀
The wind tunnel is fine. We were able to upgrade at a lower cost. The investment in the wind tunnels will be written separately in the budget areas.
For 2024, the team also expects good results from driver Alex Albon, who will make them a 2023. Logan Sargeant had a tough battle last season, but Vowles still has faith in the American driver. If both drivers compete for points, the season will be even better in 2024. The entire group of
is waiting for 2026. In that year, the rules were completely revised. Williams will look to capitalize on this and return to the top of the list..
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