Williams Grand Prix - Challenges on the track
H119 results inevitably reflected Williams’ weak finishing position in the Formula One (F1) Constructors’ Championship in 2018. The resultant lower income for the racing team significantly outweighed a continued strong performance by Williams Advanced Engineering (WAE). Unfortunately, the competitive situation has not improved in the current season and a further weak year for the F1 business is anticipated in 2020. The extension of the multi-year sponsor partnership with ROKiT to 2023 is encouraging and should hopefully dovetail with a more equitable distribution from F1.Williams Grand Prix Holdings is a holding company. Through its subsidiary, Williams Grand Prix Engineering Limited comprises a Formula One racing team and an engineering business. Co. is engaged in the design, manufacturing and commercial activity of race cars for the Formula One World Championship and the provision of Formula One derived technologies through its subsidiary, Williams Advanced Engineering Limited (WAE). WAE provides technical, engineering, testing and manufacturing services to customers in the automotive, aerospace, defence and energy sectors. It focuses in the commercial application of aerodynamics, advanced lightweight materials, hybrid power systems and electronics.
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