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...
3y ago from MotorsportWeek.com
McLaren Group records £175million revenue drop
The McLaren Group has posted a revenue loss of £175million for the first...
3y ago from GPFans.com
McLaren Group record £175m loss in revenue
McLaren's financial struggles have been reflected in their Q1 financial...
3y ago from PlanetF1.com
McLaren cutting 1,200 jobs
In the 'not good news' file this morning, McLaren is cutting over a...
3y ago from TheParcFerme.com
Elsewhere On The Network
Popular On MGPToday.com
Quartararo: Marquez's Honda exit ‘woke a lot of...
Fabio Quartararo believes Marc Marquez's exit from Honda last term 'woke a...
18h ago from MotorsportWeek.c...
Could Acosta get a Verstappen-like mid-season...
No description available...
22h ago from Motorsport.com
Marquez: Rossi-like Acosta can't be ruled out of...
No description available...
2d ago from Motorsport.com
Quartararo stresses ‘quality over quantity’ with...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Power “didn't have any defense” against Dixon due...
No description available...
14h ago from Motorsport.com
Brake issues hinder Rosenqvist’s chances for victory...
No description available...
14h ago from Motorsport.com
Arrow McLaren confirms Pourchaire for Barber...
No description available...
22h ago from Motorsport.com
Pourchaire earns second IndyCar outing with Arrow...
Arrow McLaren announced Tuesday morning that Theo Pourchaire will driver...
22h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Ford simulator boosting M-Sport WRC Puma performances
No description available...
22m ago from Motorsport.com
FIA not at war with manufacturers over 2025 WRC...
No description available...
1d ago from Motorsport.com
ERC star Sesks secures WRC Rally1 graduation with...
No description available...
2d ago from Motorsport.com
Mārtiņš Sesks to drive M-Sport Ford Puma Rally1 in...
Latvia’s Mārtiņš Sesks will benefit from the support of WRC Promoter...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Exclusive: Premier League star more likely to make...
Arsenal expert Charles Watts says he expects Manchester City playmaker...
32m ago from CaughtOffside.com
Exclusive: Arsenal could consider midfielder transfer...
Arsenal could be ready to consider selling midfielder Thomas Partey this...
1h ago from CaughtOffside.com
Exclusive: 'A player they admire greatly' –...
Wolves winger Pedro Neto is a player Arsenal 'admire greatly', according...
52m ago from CaughtOffside.com
Exclusive: Arsenal FC expert reveals the truth about...
Arsenal journalist Charles Watts has revealed the truth behind the ongoing...
1h ago from CaughtOffside.com
Comments
Hottest News
Schumacher reveals what F1 pundits are NOT allowed to say...
F1 veteran Ralf Schumacher has offered a blunt... Read More »
3h ago from GPFans.com
Men in Blue: Miami Spice for Scuderia Ferrari
As announced on Tuesday, Ferrari will unveil a... Read More »
1h ago from F1i.com
Perez's dad claims Checo has more sponsors than Hamilton &...
Sergio Perez's father, Antonio Perez, thinks his... Read More »
52m ago from GPBlog.com
