News Details
McLaren reports big loss for 2014
XPB Images
The McLaren Technology Group just filed its accounts for the year ending December 31, and reported a pre-tax loss of £22.6million. The company, which encompasses McLaren's production, engineering and racing activities, said it had slipped into the red as a result of a material revenue shortfall of approximately £13million associated with a loss of sponsorship and prize money following a disappointing 2014 race season, together with restructuring and development costs. It its statement, McLaren Chairman Ron Dennis said: "Formula 1 is and always will be a core area of activity for us." He also added that he aimed to make the firm about more than Formula 1,...
Full Story »
Full Story »
You May Also Be Interested In...
Williams not siding with European complaint
Williams have indicated it has no intention of supporting the complaint...
9y ago from GrandPrix247.com
Williams has no intention in joining European complaint
Williams has indicated it has no intention of joining the complaint filed...
9y ago from F1Hub.net
Mercedes already selling power units at a loss
Toto Wolff says Mercedes is reluctant to reduce the price of its power...
9y ago from Crash.net
No change in grand prix weekend format says Todt
FIA chief Jean Todt has ruled out making changes to the Formula 1 race...
9y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Liberty Media completes 4.3 billion takeover of...
Two weeks on from receiving unanimous EU approval, Liberty Media...
8h ago from MotorsportWeek.c...
Honda confirms Jorge Martin ‘an option’ for 2026...
Honda Team Manager Alberto Puig has reiterated its interest in signing...
11h ago from MotorsportWeek.c...
Liberty Media completes its purchase of MotoGP
No description available...
15h ago from Motorsport.com
The CRB is the F1 ‘court’ that could unlock Jorge...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Kyle Kirkwood runs to the top in opening IndyCar...
The NTT IndyCar Series returned to action on Friday, completing a...
2h ago from MotorsportWeek.c...
Christian Rasmussen handed six-place IndyCar grid...
IndyCar officials have handed Christian Rasmussen a six-place grid...
7h ago from MotorsportWeek.c...
Feature: Evaluating IndyCar’s hybrid power system...
The NTT IndyCar Series introduced its long-developed hybrid system in the...
1d ago from MotorsportWeek.c...
RLL having to ‘unwind’ and ‘backtrack’...
Rahal Letterman Lanigan Racing is making a concerted effort to move...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg goes Rally1 – Sebastien Ogier enters...
After dominant victories in WRC2 in Rally Sweden, Portugal and most...
16h ago from MotorsportWeek.c...
Oliver Solberg to make WRC Rally1 outing with Toyota...
No description available...
1d ago from Motorsport.com
Sebastien Ogier to make WRC return at Rally Finland
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal's striker target ‘is now clear'...
It is becoming increasingly clear that Arsenal’s summer striker search...
2h ago from FreshArsenal.com
Report: Crystal Palace could look to sign an Arsenal...
Arsenal have been linked with a move for Eberechi Eze from Crystal Palace,...
5h ago from CaughtOffside.com
Aaron Ramsey responds when asked to pick between...
Former Arsenal midfielder Aaron Ramsey recently gave his take on the...
7h ago from SportsKeeda.com
Romano confirms 'contacts are taking place' for...
Arsenal are hoping to sign Noni Madueke from Chelsea during the summer...
9h ago from CaughtOffside.com
Comments
Hottest News
F1 2025 British Grand Prix – FP2 Results
Lando Norris topped the timing sheets in FP2 for... Read More »
9h ago from MotorsportWeek.com
Max Verstappen confirms major 2026 decision
Max Verstappen has confirmed his plans for 2026... Read More »
7h ago from GPFans.com
F1 legend Brundle says Russell being 'embarrassed' by...
Sky Sports pundit Martin Brundle has opened up on... Read More »
4h ago from GPFans.com
