F1: Recession dents Williams’ finances
Williams has become Formula One’s latest victim of the economic downturn as the team’s accounts show that its revenues and profits crashed last year due to the collapse of one of its key backers.
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Williams has become Formula One’s latest victim of the economic downturn as the team’s accounts show that its revenues and profits crashed last year due to the collapse of one of its key backers.
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President Akio Toyoda apologises to Toyota fans for leaving F1 without a win, but says downturn forced its hand.
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