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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...
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