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 Spanish GP: Alex Marquez ends Aprilia’s...
No description available...
2h ago from Motorsport.com
Marc Marquez: 'I don't have the pace to fight for...
No description available...
1h ago from Motorsport.com
Alex Marquez completes dominant Spanish MotoGP victory
Alex Marquez produced a dominant performance to claim a second successive...
2h ago from MotorsportWeek.c...
How Alex Marquez rediscovered his mojo at the Spanish...
No description available...
25m ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar to limit entries to those holding a charter
The NTT IndyCar Series has confirmed that future races will be limited to...
2h ago from MotorsportWeek.c...
Tony Kanaan opens up on Lundgaard, Siegel contract...
No description available...
1d ago from Motorsport.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
4d ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Ogier dominates Rally Islas Canarias
Sebastien Ogier and Vincent Landais headed a Toyota one-two-three-four in...
1h ago from MotorsportWeek.c...
Oliver Solberg crashes out of Rally Islas Canarias
Oliver Solberg and Elliot Edmondson have crashed out of Rally Islas...
4h ago from MotorsportWeek.c...
WRC Canary Islands: Oliver Solberg crashes out of...
No description available...
4h ago from Motorsport.com
WRC Canary Islands: Sebastien Ogier claims first win...
No description available...
2h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal handed big UCL boost as key Atletico Madrid...
Arsenal have been handed a big boost ahead of their UEFA Champions League...
24m ago from SportsKeeda.com
‘He's struggling in the games' – Neville...
Mikel Arteta might be breathing a massive sigh of relief today, but the...
3h ago from CaughtOffside.com
Declan Rice sets target for Arsenal after win over...
Arsenal midfielder Declan Rice has called for his teammates to work hard...
3h ago from SportsKeeda.com
Arteta issues Havertz injury update ahead of Premier...
Just as Arsenal fans thought their injury curses were finally lifting, the...
6h ago from CaughtOffside.com
Comments
Hottest News
Andrea Stella to Ferrari rumours hits shock twist after...
McLaren F1 CEO Zak Brown has put to bed once and... Read More »
45m ago from GPFans.com
Martin Brundle reveals whether Christian Horner will join...
Sky Sports F1 legend Martin Brundle had delivered... Read More »
1h ago from GPFans.com
London Marathon Results: F1 legend Sebastian Vettel breaks...
F1 legend Sebastian Vettel produced a fantastic... Read More »
2h ago from GPFans.com
