News Details
McLaren Group records £175million revenue drop
The McLaren Group has posted a revenue loss of £175million for the first quarter of this year compared to the same period in 2019. The figures obviously provide the backdrop to the company's announcement earlier this week that 1,200 staff are to be made redundant, representing a 30% reduction from its current 4,000-strong workforce across its three divisions of Racing, Automotive and Applied. Article continues under video Overall revenues have fallen from £284m in the first quarter of 2019 to £109m this year, while EBITDA [earnings before interest, taxes, depreciation, and amortisation] have dropped from £22m to £-80.5m. The main shortfall comes from Automotive as vehicle sales,...
Full Story »
Full Story »
5y ago from GPFans.com
0
You May Also Be Interested In...
McLaren Group to cut workforce, F1 jobs set to be lost
McLaren Group has confirmed that it is planning to reduce
its headcount...
5y ago from MotorsportWeek.com
When Italy mourned the loss of its favorite son
On this day in 1955, the Italian nation and motorsport mourned the loss...
5y ago from F1i.com
McLaren Group to lay off 1200 staff, including F1 team...
McLaren have confirmed that they intend to lay off 1200 members of staff,...
5y ago from FormulaSpy.com
McLaren cutting 1,200 jobs
In the 'not good news' file this morning, McLaren is cutting over a...
5y ago from TheParcFerme.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP to stream free in US on new dedicated 24/7...
No description available...
10h ago from Motorsport.com
Kuala Lumpur emerges as favourite to host 2026 MotoGP...
No description available...
14h ago from Motorsport.com
BMW admits 2027 MotoGP entry ‘not viable’ as it...
BMW has admitted it is “not viable” for the German manufacturer to...
1d ago from MotorsportWeek.c...
Why the next contract matters more to Fabio Quartararo...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Winners and losers from IndyCar’s Portland 2025...
No description available...
1d ago from Motorsport.com
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
1d ago from MotorsportWeek.c...
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
2d ago from MotorsportWeek.c...
Alex Palou clinches title, becomes IndyCar’s newest...
Alex Palou is the champion of the 2025 NTT IndyCar Series, having locked...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How WRC's crucial 2027 rules are falling into place
No description available...
9h ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1w ago from MotorsportWeek.c...
Kurt Busch backs WRC return to USA after first taste...
No description available...
1w ago from Motorsport.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Arsenal will look to sign LaLiga superstar if they...
Arsenal have reportedly made Real Madrid forward Rodrygo their Plan B if...
5h ago from SportsKeeda.com
Offer accepted: Arsenal very close to finalising...
Arsenal are now closing in on the capture of Eberechi Eze from Crystal...
10h ago from CaughtOffside.com
Theo Walcott makes scoreline prediction for Premier...
Former Premier League star Theo Walcott has backed Arsenal to beat...
9h ago from SportsKeeda.com
Gyokeres, Sesko, Ekitike - Forwards with power to...
With Premier League clubs making major upgrades to their attacking...
13h ago from SkySports.com
Comments
Hottest News
Hamilton’s Ferrari contract: The clause that could change...
In a twist that adds yet another layer to one of... Read More »
8h ago from F1i.com
Daniel Ricciardo explains striking new look after F1 axe
Daniel Ricciardo has undergone a visible change... Read More »
5h ago from GPFans.com
Aston Martin receive Lance Stroll sacking ultimatum
Aston Martin have been told they must drop Lance... Read More »
7h ago from GPFans.com
