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...
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
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
Jerez hosts three days of private MotoGP testing with...
No description available...
15h ago from Motorsport.com
Aprilia boss on calming Marco Bezzecchi: ‘He’s...
No description available...
19h ago from Motorsport.com
Pedro Acosta leads MotoGP standings after opener –...
No description available...
1d ago from Motorsport.com
How Raul Fernandez is chasing his next MotoGP contract
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar reveals track design for Washington D.C. event
IndyCar has revealed the track design for the newly-added event in...
14h ago from MotorsportWeek.c...
Washington D.C. IndyCar track layout and event logo...
No description available...
14h ago from Motorsport.com
David Malukas’ Penske poise earns accolades from...
After just two races with Team Penske under his belt, David Malukas is...
16h ago from MotorsportWeek.c...
Pit stop mishap hinders Mick Schumacher in oval debut
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai's WRC upgrade plan to close the gap to Toyota
No description available...
14h ago from Motorsport.com
Why Hyundai WRC team is "working at 120 per...
No description available...
4d ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
6d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Bayer Leverkusen vs Arsenal Prediction and Betting...
Bayer Leverkusen welcome Arsenal for the first leg of their UEFA Champions...
11h ago from SportsKeeda.com
FA Cup quarter-final draw: Man City face Liverpool
Manchester City have been drawn against Liverpool in the FA Cup...
11h ago from SkySports.com
'He's dangerous for society' – Patrice Evra labels...
Manchester United legend Patrice Evra has suggested that former Arsenal...
15h ago from SportsKeeda.com
Gabriel Martinelli reveals what gives Arsenal...
Gabriel Martinelli has opened up about Arsenal's pursuit of their maiden...
17h ago from SportsKeeda.com
Comments
Hottest News
Aston Martin facing China crisis after latest Honda...
It promises to be another difficult weekend for... Read More »
1h ago from RacingNews365.com
F1 to review energy rules after China – Tombazis
Mar.10 Formula 1's governing body will hold... Read More »
25m ago from OneStopStrategy.com
Audi, Ferrari push back against new rules backlash
Mar.10 Audi team principal Jonathan Wheatley and... Read More »
25m ago from OneStopStrategy.com
