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
Supersub Pol Espargaro deserves to be full-time MotoGP...
No description available...
13h ago from Motorsport.com
Honda reveals how Ai Ogura snub pushed Diogo Moreira...
Honda was forced to change its “original plan” to sign Diogo Moreira...
14h ago from MotorsportWeek.c...
Jack Miller: Yamaha M1 shouldn’t suit my riding...
No description available...
1d ago from Motorsport.com
Ducati: Marc Marquez has “determination of a rookie...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar looking to add ‘more events, not just...
IndyCar has identified a need to make sure future races on the calendar...
4d ago from MotorsportWeek.c...
JHR retains Sting Ray Robb for second season
Juncos Hollinger Racing has confirmed that Sting Ray Robb will remain...
1w ago from MotorsportWeek.c...
Sting Ray Robb to continue with Juncos Racing for 2026...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Hayden Paddon, Esapekka Lappi and Dani Sordo join...
No description available...
4d ago from Motorsport.com
Oliver Solberg steps up WRC 2026 preparations with...
No description available...
5d ago from Motorsport.com
Hyundai World Rally Team reverts to shared third car...
Hyundai Motorsport has announced its full line-up for the 2026 FIA World...
4d ago from MotorsportWeek.c...
Sports quiz of the week: Premier League goals, Ashes...
No description available...
4d ago from TheGuardian.com
Popular On GunnersToday.com
Manchester United plot shock move for Arsenal star in...
Manchester United are reportedly preparing a sensational raid on rivals...
2h ago from CaughtOffside.com
Liverpool & Chelsea want Arsenal priority target...
Yan Diomande has been linked with a move away from RB Leipzig in recent...
3h ago from CaughtOffside.com
Arteta fears Arsenal trophy hunt could be hindered by...
t;li>Declan Rice ruled out of Club Brugge match with illnessMax Dowman...
5h ago from TheGuardian.com
Carlo Ancelotti predicts teams that will win Champions...
Brazil head coach Carlo Ancelotti has predicted the teams that he thinks...
11h ago from SportsKeeda.com
Comments
Hottest News
Gianpiero Lambiase steps down as Max Verstappen's race...
Gianpiero Lambiase has reportedly indicated to... Read More »
12h ago from RacingNews365.com
Adam Norris issues brutal dig at Max Verstappen title...
Lando Norris' dad, Adam Norris, issued a subtle... Read More »
8h ago from GPFans.com
Key Max Verstappen ally stays put at Red Bull as another...
Check out all the biggest stories of the day with... Read More »
4h ago from RacingNews365.com
