The Cost of Formula 1 (source F1 Racing)

Gordon · 1st April 2005, 21:50

Minardi actually pay their drivers more than how much Jordan do!
and look at Ferrari driver figures. They pay a driver more than how much they pay the whole team crew. 51 million compared to 48.3 million.

gamerno1 · 1st April 2005, 22:01

great stuff hatari. i.e.
Narain Karthikeyan = $0.5million?

Deeps · 1st April 2005, 22:50

very interesting info. What surprises me most is the relatively low cost of R&D. Hard to believe!

z klasse · 2nd April 2005, 00:09

Imagine if this were in India. What would the Govt do?

Rehaan · 2nd April 2005, 00:43

Quote:

Originally Posted by Deeps

very interesting info. What surprises me most is the relatively low cost of R&D. Hard to believe!

I think thats because there isnt a lot of "testing" involved in that R&D budget. (Since windtunnel testing & racetrack testing are listed seperately).

Whats interesting in my opinion is the fact that the "engine budget" is 3 times higher than the next highest budget! Incredibly high....no doubting where most of the technology goes!

cya
R

ps - Total cost = 1% of India's GDP. (correct me if i am wrong...?)

comfortablywacky · 2nd April 2005, 02:31

Hey guys just wondering how come car maunfacturing costs are so low ... is it per race or something??? can anybody throw some light on this ??

haryan · 2nd April 2005, 08:54

Quote:

Originally Posted by comfortablywacky

Hey guys just wondering how come car maunfacturing costs are so low ... is it per race or something??? can anybody throw some light on this ??

Building a F1 car is very cheap affair ... It does not take much amount as compared to other expenses .... The teams build around 5 cars for one season .... they have lots of extra spares built like rear wings , front wings , engine covers and nose cones ...... Gear box and engines are NOT counted into that expense .... they are separate from car building account ...... The Racing, testing , Travelling and R&D , Corporate Hospitality and team personnel salaries take the F1 expenses to that kind of high figures

Hatari · 2nd April 2005, 21:30

Quote:

Originally Posted by gamerno1

great stuff hatari. i.e.
Narain Karthikeyan = $0.5million?

i was wondering about the figure beside jordan & minardi driver salaries... because they dont pay their drivers.. the sponsors they brought in do

Quote:

Originally Posted by comfortablywacky

Hey guys just wondering how come car maunfacturing costs are so low ... is it per race or something??? can anybody throw some light on this ??

An FIA certified monocoque, fuel systems, hydraulics, suspension, chasis, etc. in total cost about $250,000 - $300,000 max.
this figure is exclusive of the engine, R&D costs

No of cars manufactured by the teams ( for the entire year ) :
Toyota - 11
Ferrari - 8
BAR - 6 + 2 (from prev. yr)
McLaren - 7
Williams - 7
Sauber - 6
Red Bull - 6
Renault - 5
Minardi - 4
Jordan - 3

Deeps · 2nd April 2005, 23:26

Quote:

Originally Posted by Rehaan

ps - Total cost = 1% of India's GDP. (correct me if i am wrong...?)

You are wrong. From the top of my head Indian GDp is afew hundred billion $ so the total cost is much less than 1%.

Rehaan · 3rd April 2005, 01:02

Quote:

Originally Posted by Deeps

You are wrong. From the top of my head Indian GDp is afew hundred billion $ so the total cost is much less than 1%.

Umm...yeh.

Well the total F1 expenditure is 2.5billion(=1%) so x100 = 250billion = "couple of hundred billion" as you said!

Im still not saying i am correct, but just asking you to show some figures to prove me incorrect (since i am too lazy).

cya
R

ported_head · 3rd April 2005, 03:00

Considering Renault's overall budget compared to the other tier-one teams, they are giving them quite the run for the money.

Deeps · 8th April 2005, 00:10

Quote:

Originally Posted by Rehaan

Umm...yeh.

Well the total F1 expenditure is 2.5billion(=1%) so x100 = 250billion = "couple of hundred billion" as you said!

Im still not saying i am correct, but just asking you to show some figures to prove me incorrect (since i am too lazy).

cya
R

Well, i too was lazy to look up the actual figures earlier but couldn't resist your challenge

In jan. 2005 "THE Financial Times (FT) has estimated India's total gross domestic product (GDP) in 2004 at nearly $650 billion. This was revealed in `India Awakes', a special FT report on India released at the World Economic Forum meeting at Davos in Switzerland on Friday."
The link: http://www.thehindubusinessline.com/...2400690400.htm

So (2.5B/650B)*100 = 0.4%

PS: i wan't trying to proove you wrong/stupid or anything.

Vulken Auto · 8th April 2005, 05:50

wind tunnel testing costs 1800 gbp / hr!!

Rehaan · 9th April 2005, 11:05

Quote:

Originally Posted by Deeps

In jan. 2005 "THE Financial Times (FT) has estimated India's total gross domestic product (GDP) in 2004 at nearly $650 billion

Thanks or the info Deeps,

Good to know a random figure like this, as insignificant it may be to any practical aplication! lol

cya
R

1st April 2005, 19:12	#1
Hatari Senior - BHPian Join Date: Feb 2004 Location: Calcutta Posts: 1,872 Thanked: 874 Times	The Cost of Formula 1 (source F1 Racing)
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1st April 2005, 21:50	#2
Gordon Senior - BHPian Join Date: Feb 2004 Location: Mumbai Posts: 2,546 Thanked: 483 Times View My Garage	Minardi actually pay their drivers more than how much Jordan do! and look at Ferrari driver figures. They pay a driver more than how much they pay the whole team crew. 51 million compared to 48.3 million.
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1st April 2005, 22:01	#3
gamerno1 BHPian Join Date: Feb 2005 Location: Andheri (w), Mumbai Posts: 408 Thanked: 0 Times View My Garage	great stuff hatari. i.e. Narain Karthikeyan = $0.5million?
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1st April 2005, 22:50	#4
Deeps Senior - BHPian Join Date: May 2004 Location: Delhi/Noida Posts: 1,116 Thanked: 170 Times	very interesting info. What surprises me most is the relatively low cost of R&D. Hard to believe!
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2nd April 2005, 00:09	#5
z klasse BHPian Join Date: Jun 2004 Location: Mumbai Posts: 351 Thanked: 28 Times View My Garage	Imagine if this were in India. What would the Govt do?
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2nd April 2005, 02:31	#7
comfortablywacky BHPian Join Date: Sep 2004 Location: Melbourne Posts: 540 Thanked: 8 Times	Hey guys just wondering how come car maunfacturing costs are so low ... is it per race or something??? can anybody throw some light on this ??
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3rd April 2005, 03:00	#12
ported_head Senior - BHPian Join Date: Mar 2004 Location: Mumbai, India Posts: 2,387 Thanked: 20 Times	Considering Renault's overall budget compared to the other tier-one teams, they are giving them quite the run for the money.
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8th April 2005, 05:50	#14
Vulken Auto BHPian Join Date: Jan 2005 Location: . Posts: 545 Thanked: 263 Times	wind tunnel testing costs 1800 gbp / hr!!
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