Williams posts a loss for 2012

1 Comment

Williams posted a $7.8m loss last year despite scoring its first F1 victory since 2004. The Formula One team reported its annual results for 2012 on Monday.

Chief executive officer Alex Burns noted that $14.59m in income from Formula One “has not been included in these results because of the technical interpretation of today’s accounting standards”.

Founder and team principal Sir Frank Williams said: “2012 saw Williams make encouraging progress on and off the track and we are determined to continue that upward trend in 2013.”

“The win at the 2012 Spanish Grand Prix was a particular highlight and we continue to develop strong sponsorship partnerships and engineering relationships. At the end of the year the Williams F1 Team finished eighth in the FIA Formula One World Constructors’ Championship.”

“There is still a way to go for the team to get to where we should be, but improvements on previous seasons are evident.”

It’s been a period of mixed fortunes for Williams. Their win in Spain came after the surprise resignation of chairman Adam Parr. Over the remainder of the season they generally failed to deliver on the potential of the FW34.

The team has also lost chief operations engineer Mark Gillan since then and executive director Toto Wolff, who moved to Mercedes.

The loss of Sir Frank’s wife Virginia to cancer came on the eve of the new season. The team is yet to score a point in four races this year, but has a major upgrade planned for the next race at the scene of its 2012 triumph.

Cooper solidifies PWC GT presence with Callaway Corvette

Callaway, Cooper, Gill. Photo: PWC
Leave a comment

Pirelli World Challenge could use a “face” of the series from a driving standpoint, and American Michael Cooper is a good candidate to fill that role for 2018.

Cooper, 27, has won PWC Touring Car, GTS and, most recently the SprintX GT titles within the series and has quickly blossomed into one of the series’ top GT stars.

It’s been a rapid rise for the Syosset, N.Y. native, entering into a world filled with series stars and champions such as Johnny O’Connell, Patrick Long, Alvaro Parente and a host of others.

But under O’Connell’s tutelage, Cooper admirably filled the rather gaping shoes vacated by Andy Pilgrim at Cadillac Racing, steering the Cadillac ATS-V.R to multiple race wins in the last two years – including a sweep of this year’s season finale weekend at Sonoma.

Cooper and Jordan Taylor were the model of consistency in SprintX this year, winning once at Canadian Tire Motorsport Park and surviving contact at Circuit of The Americas to take that title.

With Cadillac withdrawing its ATS-V.R program at the end of the year though, Cooper was left a free agent for 2018. Fortunately with one door closed another opened, in the form of the GM-blessed but full Callaway Competition USA effort with its Callaway Corvette C7 GT3-R that will come Stateside next year. Cooper and Daniel Keilwitz will be in the team’s two cars for the full season; the car was fully unveiled last week at the PRI Show in Indianapolis.

The Callaway is a proven commodity in Europe but couldn’t run in the U.S. unless the path was cleared by one of GM’s factory programs to end a direct, potential head-to-head competition.

Moving from the Cadillac to the Callaway Corvette should be a natural transition, Cooper said last week.

“It worked out incredibly well that GM decided to allow Calloway to run the car in the United States and it created an opportunity for me that wouldn’t have been there otherwise,” he told NBC Sports. “I talked to a lot of other GT teams and at the end of the day, I felt like this was the best direction for me to be competitive next year and to also continue furthering my career with General Motors.”

Indeed Cooper has graduated from the Blackdog Speed Shop Chevrolet Camaro Z/28.R in GTS to the Cadillac and now to the Callaway Corvette. Cooper hailed the Cadillac team for what they did for his career growth.

“Working with Cadillac Racing has been instrumental in developing my abilities both on and off the track,” he said. “So I’m definitely a much more well-rounded driver now and have a lot of experience in the World Challenge GT field, so I kind of know what to expect going into that first race and going into that first corner in St. Pete.”

As noted, the car’s success in Europe means it’s a well-oiled machine by the time Reeves Callaway has worked with PWC to bring it Stateside next year. And as Cooper explained, discussions had been underway for a bit of time to ensure his presence in this car and team.

“I think the car is going to be extremely capable. It’s already won championships and races in Europe. I think, in bringing it over here, we’re going to hit the ground running straight away,” he said.

“Calloway had wanted me to come drive for them in July or August. We always kept in touch since then, and there was a lot of work trying to put together a program before they decided that they were going to do a fully fledged factory program. So once they made that decision, I think the pieces were kind of in place already, and the conversations had been had to be able to say ‘You’re going to be our guy.’”

December is late for IMSA programs to get finalized, but it’s relatively early for PWC, with the season not starting until mid-March in St. Petersburg. An extensive testing program should follow, as Callaway establishes its U.S. base and infrastructure.

“It’s definitely early for a Pirelli World Challenge program to be announced in December when we start racing in March. So that’s very good,” he said. “But, the team has a lot of work ahead of them in terms of getting infrastructure set up here in the United States, because a lot of their racing program has been in Europe. So, there will be a testing program, but they have to get the infrastructure in place first. But, we’ll be well prepared for St. Pete, I’m certain of it.

“Last year was the first year when I could sit back, kick my feet up, and know what I was doing next year. So, to be able to have everything done and be able to announce it this early on makes my life less stressful and now I can just focus on preparing myself and my team for next year.”