News Details
McLaren Group reveals COVID-19 hit in Q1 figures
The McLaren Group - including the Formula 1 team - has suffered a £175 million drop in revenue through the first quarter of 2020, revealing the impact of the COVID-19 pandemic. McLaren’s collective revenues reduced to £109m in Q1, down from £284 at the same stage last year, as the British sportscar maker announced its latest financial results on Thursday. The Woking-based group recorded a significant drop in car sales to 307 units between January and March, having sold 953 units during the equivalent timeframe in 2019. Production has been interrupted amid the ongoing coronavirus pandemic, which has caused the 2020 F1 season to be put on ice and forced the opening 10 races of the...
Full Story »
Full Story »
You May Also Be Interested In...
McLaren suffers massive £173m quarterly revenue drop
The McLaren Group's revenues took a massive £175m hit in the first...
5y ago from F1i.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 records £175million revenue drop
The McLaren Group has posted a revenue loss of £175million for the first...
5y ago from GPFans.com
McLaren Group record £175m loss in revenue
McLaren's financial struggles have been reflected in their Q1 financial...
5y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP Jerez test: Aprilia 1-2-3 as new aero packages...
No description available...
16h ago from Motorsport.com
Ducati brings new swingarm and fairing to Jerez MotoGP...
No description available...
15h ago from Motorsport.com
Fermin Aldeguer set for further medical checks as...
No description available...
15h ago from Motorsport.com
Marco Bezzecchi leaves Jerez MotoGP ‘satisfied'...
Marco Bezzecchi felt he achieved the best possible result with second...
18h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Arrow McLaren has "no fear" in running all...
No description available...
15h ago from Motorsport.com
Katherine Legge confirmed for Indy 500 with AJ Foyt
AJ Foyt Racing has announced that it will field a third entry in this...
19h ago from MotorsportWeek.c...
Katherine Legge will make Indy 500 return in HMD...
No description available...
20h ago from Motorsport.com
IndyCar to limit entries to those holding a charter
The NTT IndyCar Series has confirmed that future races will be limited to...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
1d ago from Motorsport.com
Thierry Neuville: “Nobody knows” answer to...
No description available...
19h ago from Motorsport.com
Oliver Solberg crashes out of Rally Islas Canarias
Oliver Solberg and Elliot Edmondson have crashed out of Rally Islas...
1d ago from MotorsportWeek.c...
Sebastien Ogier dominates Rally Islas Canarias
Sebastien Ogier and Vincent Landais headed a Toyota one-two-three-four in...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arteta takes sigh of relief as new Kai Havertz injury...
Mikel Arteta’s side successfully managed to get a 1-0 victory over...
2h ago from CaughtOffside.com
Atletico Madrid vs Arsenal Prediction and Betting Tips...
Atletico Madrid and Arsenal will trade tackles in the highly anticipated...
2h ago from SportsKeeda.com
Fans left in the lurch as Burnley game looks set for...
Morning everyone. Let's start today with the rumour, which I have heard...
2h ago from Arseblog.com
Arsenal receive report about Kai Havertz injury before...
Arsenal attacker Kai Havertz will miss the first leg of their Champions...
13h ago from SportsKeeda.com
Comments
Hottest News
Kimi Antonelli says he wants to pick up in Miami from where...
Kimi Antonelli entered the Formula 1 April break... Read More »
53m ago from GrandPrix247.com
Szafnauer keeps door open to 12th F1 team bid
Apr.28 Fresh momentum behind a potential 12th... Read More »
43m ago from OneStopStrategy.com
Helmut Marko confirms F1 return after securing new role
Former Red Bull F1 legend Helmut Marko has... Read More »
1h ago from GPFans.com
