News Details
McLaren suffers massive £173m quarterly revenue drop
The McLaren Group's revenues took a massive £175m hit in the first quarter of 2020 relative to 2019 mainly as a result of the coronavirus crisis. The COVID-19 pandemic wreaked havoc on the manufacturer's sales as dealerships were temporarily closed and its automotive production was idled. Revenues of the company's McLaren Racing subsidiary fell in the first three months of the year by £4.4m compared to the same period in 2019, with the team recording no prize money in Q1. However, sponsorship revenue was on the rise by £4.1m. McLaren: Regulation changes ultimately "a win for fans" McLaren's quarterly numbers were published just a day after the group announced the lay off of...
Full Story »
Full Story »
You May Also Be Interested In...
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
McLaren cutting 1,200 jobs
In the 'not good news' file this morning, McLaren is cutting over a...
5y ago from TheParcFerme.com
Elsewhere On The Network
Popular On MGPToday.com
Pirelli wants to test new MotoGP tyres with 2027 bikes...
No description available...
7h ago from Motorsport.com
Who crashed the most during the 2025 MotoGP season?
No description available...
1d ago from Motorsport.com
Ai Ogura: Fifth on MotoGP debut “kills me” after...
No description available...
2d ago from Motorsport.com
Toprak Razgatlioglu reveals ‘biggest difference’...
Toprak Razgatlioglu has revealed how “different” MotoGP is to...
4d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Sunoco makes full-time IndyCar return as primary...
No description available...
2d ago from Motorsport.com
Chip Ganassi Racing lands new sponsor for Kyffin...
Chip Ganassi Racing has announced a new sponsor for the team’s #8 entry...
2d ago from MotorsportWeek.c...
IndyCar announces independent officiating system
The NTT IndyCar Series announced on Thursday that it will implement a new...
3d ago from MotorsportWeek.c...
IndyCar to introduce independent officiating system
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Yohan Rossel and Nikolay Gryazin spearhead Lancia’s...
Team Lancia Corse HF has announced the 2025 WRC2 championship runners-up...
6h ago from MotorsportWeek.c...
Lancia reveals driver line-up for 2026 WRC return
No description available...
2d ago from Motorsport.com
FIA reveals final details of WRC 2027 regulations
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal dealt blow as Mikel Arteta confirms injury to...
Arsenal manager Mikel Arteta has revealed that Ben White has suffered...
5h ago from SportsKeeda.com
Arteta wants to sign 'amazing' 26-year-old to get the...
Arsenal are reportedly interested in signing the AC Milan attacker Rafael...
8h ago from CaughtOffside.com
Arsenal 2-1 Wolves: Late joy but considerable worry...
Match report – Player ratings – Arteta reaction The game...
9h ago from Arseblog.com
“Carried the team on his back”, “One man army”...
Arsenal fans were left in awe of Bukayo Saka’s performance during their...
18h ago from SportsKeeda.com
Comments
Hottest News
Lando Norris' epic £100,000 spend up after F1 title win
The money that Lando Norris spent on his epic... Read More »
1h ago from GPFans.com
‘Dirty games were played’: Marko opens up on Horner’s...
In the high-stakes world of Formula 1, where... Read More »
6h ago from F1i.com
Helmut Marko makes stunning Christian Horner accusations...
Outgoing Red Bull advisor Helmut Marko has... Read More »
1h ago from MotorsportWeek.com
