Factory-backed
In motorsports, a factory-backed racing team or driver is one sponsored by a vehicle manufacturer in official competitions. As motorsport competition is an expensive endeavor, some degree of factory support is desired and often necessary for success. The lowest form of factory backing comes in the form of contingency awards, based upon performance, which help to defray the cost of competing. Full factory backing can be often seen in the highest forms of international competition, with major motorsport operations often receiving hundreds of millions of euros to represent a particular manufacturer.[1][2]
Grand Prix racing
In Grand Prix motor racing, the most well-established or traditional definition of a works team or factory-backed team is a manufacturer that builds its own car or motorbike including the engine. In a broader sense, it can also be any team that is financed and run by a manufacturer or other business, institution, or organization. Scuderia Ferrari is a notable example of a works team or factory-backed team in Formula One.[3]
Several factory-backed
See also
References
- ^ "F1 2015 team budgets published - but which team spends most?". Crash.net. 9 August 2015. Retrieved 20 February 2024.
- ^ "Mercedes spending accelerates to record £325m". Pitpass.com. 14 October 2014. Retrieved 20 February 2024.
- ^ "Where are Formula 1 teams based? Mercedes, Ferrari, Red Bull and more". Autosport. 5 August 2022. Retrieved 29 August 2023.
- ^ "Mille Miglia Archives". Ferris Cars. Retrieved 29 August 2023.
- ^ Ayles, James (14 January 2020). "From Cliff Diving To Formula One and Football: How Red Bull Built A World-Class Sporting Empire". Forbes. Retrieved 24 January 2024.
- ^ Frye, Andy (5 May 2023). "Horner Shares Secrets To Red Bull's Success". Forbes. Retrieved 24 January 2024.
- ^ "Cassidy ends Formula E season by clinching team championship for Envision". The Independent. 30 July 2023. Retrieved 29 August 2023.
- ^ "London E-Prix: Envision defeats Jaguar to claim Formula E teams' title". Autocar India. Retrieved 29 August 2023.