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McLaren Racing records massive £96m loss in 2018
McLaren Racing, the division which oversees its Formula 1 and IndyCar operations, recorded a record loss of £96 million for the 2018 financial year. The McLaren Group, which also includes its automotive brand and applied technologies company, reported a massive boost in turnover from £871.3m in 2017 to £1,256.6m in 2018 and a greatly reduced loss of just £4.8m last year, compared with £43.4m the year prior. Much of that is down to McLaren Automotive which saw unit sales increase by 45 per cent, with 4,829 cars sold during 2018. The F1 team saw a £1m profit in 2017 dramatically reverse, with a record loss of £96m, driven by the loss of engine...
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5y ago from MotorsportWeek.com
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