News Details
McLaren Group record £175m loss in revenue
McLaren's financial struggles have been reflected in their Q1 financial records for 2020, reporting a revenue loss of £175million in the first quarter. A day after it was confirmed that McLaren Group are going to substantially cut its entire workforce by making around 1200 members of staff redundant (70 of which are to come from the F1 team) , the gloomy picture has continued to be painted. Overall first quarter revenue figures have dropped from £284million to £109million when compared to the same Q1 period in 2019, while McLaren Group's EBITDA currently sits at -£81million. Post-tax losses have also increased from £20million to £110million. As for McLaren Racing specifically,...
Full Story »
Full Story »
5y ago from PlanetF1.com
0
You May Also Be Interested In...
McLaren Group records £175million revenue drop
The McLaren Group has posted a revenue loss of £175million for the first...
5y ago from GPFans.com
McLaren Group reveals 61 per cent revenue reduction
McLaren Group has posted a substantial year-on-year reduction
in revenue...
5y ago from MotorsportWeek.com
McLaren Group to cut workforce, F1 jobs set to be lost
McLaren Group has confirmed that it is planning to reduce
its headcount...
5y ago from MotorsportWeek.com
When Italy mourned the loss of its favorite son
On this day in 1955, the Italian nation and motorsport mourned the loss...
5y ago from F1i.com
Elsewhere On The Network
Popular On MGPToday.com
Aprilia to run “special test” for Jorge Martin...
No description available...
10h ago from Motorsport.com
Francesco Bagnaia explains why it's ‘impossible'...
After failing to secure a podium at his Grand Prix at Mugello, Francesco...
11h ago from MotorsportWeek.c...
Watch: “Feels like yesterday” - Alex Criville...
No description available...
13h ago from Motorsport.com
Fabio Di Giannantonio ecstatic with ‘dream' and...
Fabio Di Giannantonio secured his second Grand Prix podium of the 2025...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Malukas’ recovery drive secures Foyt’s best team...
During Sunday’s IndyCar race at Road America, David Malukas was the...
52m ago from MotorsportWeek.c...
How a “grumpy” Alex Palou ended up thankful for...
No description available...
1d ago from Motorsport.com
Winners and Losers from IndyCar’s Road America...
No description available...
2d ago from Motorsport.com
IndyCar Road America – Race Results
Road America was the scene of this weekend’s IndyCar event, and high...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Rallies around the world: The ones not to miss – and...
Rallying is unlike any other motorsport. It doesn’t unfold on pristine...
6d ago from MotorsportWeek.c...
FIA approves updated bodywork rules for WRC 2027...
No description available...
2w ago from Motorsport.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
5 replacements for Thomas Partey that Arsenal could...
The Athletic reported today that Arsenal will definitely seek a...
7h ago from FreshArsenal.com
Revealed: Jose Mourinho has spoken with Man Utd star...
Fenerbahce have made an offer to Manchester United attacking midfielder...
9h ago from CaughtOffside.com
Manchester United hero Edwin van der Sar snubs...
Edwin van der Sar has backed his former side Manchester United to win the...
11h ago from SportsKeeda.com
2x Champions League winner to complete Arsenal...
Arsenal are reportedly closing in on the final details of the Kepa...
11h ago from CaughtOffside.com
Comments
Hottest News
Aston Martin STUNNED by Adrian Newey methods
2016 F1 world champion Nico Rosberg has suggested... Read More »
10h ago from GPFans.com
I was an F1 star and I won Le Mans six times, but I just...
Jacky Ickx is a name that belongs in the list of... Read More »
2h ago from GPFans.com
Brad Pitt ‘overdressed for dinner at Greggs’ reports...
What do you think Brad Pitt orders at Greggs? A... Read More »
1h ago from GPFans.com
