McLaren losses accelerate as car sales plummet
The F1 team owners report its pretax loss ballooned to £133m from £18m amid Covid-19 lockdown
28 May 2020 - 19:13
London — Formula One team owners McLaren saw group revenue drop from £284m to £109m in the first quarter of 2020 due to the Covid-19 pandemic, results on Thursday showed.
The sports car maker reported a plunge in car sales to 307 units over the three months, compared to 953 in the same period in 2019, as dealerships closed and factory production halted...
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