Williams Grand Prix - Challenging year in prospect
2018 proved to be an unsatisfactory year for Williams on the track, which will have ramifications for financial performance in 2019. However, with a mixture of new title sponsor, new drivers and an experienced management team there is a clear focus on recovering competitiveness in the F1 championship. In addition, Williams Advanced Engineering (WAE) continues to grow with a healthy operating margin performance.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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