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
Why Dani Pedrosa won't replace Maverick Vinales at Le...
No description available...
8h ago from Motorsport.com
Toprak Razgatlioglu: Yamaha struggles make me think...
No description available...
12h ago from Motorsport.com
Andrea Iannone returns to MotoGP paddock in...
No description available...
11h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar expands Push to Pass availability
The NTT IndyCar Series has announced a change to the series’ Push to...
9h ago from MotorsportWeek.c...
IndyCar officiating board helps shape Push to Pass...
IndyCar’s new Independent Officiating Board has made one of its first...
8h ago from MotorsportWeek.c...
FOX unveils plan for 60 hours of Indy 500 coverage
No description available...
1d ago from Motorsport.com
Motorsport legend Alex Zanardi dies aged 59
Ex-F1 and CART driver Alex Zanardi has passed away aged 59. His family...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How Ott Tanak can help Toyota's WRC 2027 car...
No description available...
11h ago from Motorsport.com
Why Hyundai’s WRC season “really starts” at...
No description available...
1d ago from Motorsport.com
M-Sport weighs up WRC new car build as all options...
No description available...
6d ago from Motorsport.com
Toyota steps up WRC 2027 car testing with new look...
No description available...
6d ago from Motorsport.com
Popular On GunnersToday.com
Player ratings: Arsenal 1-0 Atletico Madrid
Arsenal reached the Champions League final for the first time in 20 years...
50m ago from FreshArsenal.com
Momentum is shifting Arsenal's way – it could lead...
The final whistle went and the Emirates Stadium exploded. Arsenal made it...
50m ago from SkySports.com
'Let this be a lesson', 'Monstrous performance' -...
Arsenal fans are delighted with the performance of Viktor Gyokeres in the...
50m ago from SportsKeeda.com
'I can tell you' – Journalist confirms Man...
Manchester United are currently leading the race to sign Atalanta’s...
1h ago from CaughtOffside.com
Comments
Hottest News
F1 News Today: Christian Horner return welcomed as Newey...
Christian Horner has been given an open... Read More »
3h ago from GPFans.com
Lewis Hamilton plays the 'shrimp', Aston Martin in 'a deep...
Last weekend's Miami Grand Prix saw Kimi... Read More »
2h ago from GPFans.com
Adrian Newey builds rocket ship faster than any F1 car, but...
Adrian Newey's F1 genius has contributed to a... Read More »
4h ago from GPFans.com
