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 »
1mo ago from Crash.net 0
Share

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...
1mo ago from F1i.com

McLaren Group reveals 61 per cent revenue reduction

McLaren Group has posted a substantial year-on-year reduction in revenue...
1mo ago from MotorsportWeek.com

McLaren Group records £175million revenue drop

The McLaren Group has posted a revenue loss of £175million for the first...
1mo ago from GPFans.com

McLaren Group record £175m loss in revenue

McLaren's financial struggles have been reflected in their Q1 financial...
1mo ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

FIM investigating 'possible breach of testing rules' -...

The FIM MotoGP Stewards are to investigate possible breaches of the...
1d ago from Crash.net

WithU bids farewell to Smith for MotoE, signs...

With Bradley Smith substituting for Andrea Iannone at the Aprilia MotoGP...
1d ago from Crash.net

Your experiences: MotoGP tickets, cancellations and...

With seven rounds of the original 2020 MotoGP season officially cancelled...
1d ago from Crash.net

Dorna prioritising MotoGP spectacle over post-COVID...

MotoGP promoter Dorna Sports' CEO Carmelo Ezpeleta says preserving the...
1d ago from AutoSport.com

Popular On IndyCarToday.com

Newgarden scores IndyCar pole for first round of Road...

Team Penske’s Josef Newgarden scored his second IndyCar P1 pole award...

Power leads early as drivers get a feel for Road...

Team Penske’s Will Power led the way in the first and only practice...

Popular On TotalWRC.com

Interview: Jon Armstrong Talks Esports and Rallying...

In part two of TCF's interview with Jon Armstrong, he discusses how he...

Oliver Solberg Enters ERC Asphalt Opener

Oliver Solberg will enter his first fully-tarmac rally later this month on...

Breen Ready For Rally Estonia Hyundai Entry

In an interview with DirtFish, Craig Breen revealed he is set to compete...

Popular On GunnersToday.com

Magical Messi makes LaLiga history as he matches Henry...

Lionel Messi's clever pass to set up Barcelona's opening goal against...
1h ago from SportsKeeda.com

Can Kane rekindle form against old foes?

It has been a struggle for Harry Kane and for Tottenham since the restart....
1h ago from SkySports.com

📸 Arsenal finish north London derby...

It's north London derby weekend. We make the short trip to face Tottenham...
2h ago from Arsenal.com

Philippe Coutinho 'sets deadline for decision on...

Barcelona attacker Philippe Coutinho will reportedly make a decision on...
2h ago from SportsMole.co.uk

Comments

Hottest News

Qualifying Results – 2020 Styrian Grand Prix

Styrian Grand Prix – Here are the complete... Read More »
6h ago from FormulaSpy.com

Ferrari must face the truth according to Binotto

After a disappointing qualifying session for the... Read More »
1h ago from GPBlog.com

Sainz: "This was bizarre, I talked to Max and Lewis,...

Carlos Sainz continues the good form of McLaren... Read More »
5h ago from GPBlog.com

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.