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Stark figures for McLaren are a sign of the times
Formula 1 team owners McLaren saw group revenues reverse from 284 million pounds ($348.13 million) to 109 million in the first quarter of 2020 due to the COVID-19 pandemic, results on Thursday showed. The sportscar maker also reported a plunge in car sales to 307 units over the three months, compared to 953 in the same period last year, with dealerships closed and factory production halted. It said second-quarter figures were expected to be in line with Q1 but saw a stronger performance in the second half and also detected the first signs of recovery during May, particularly from China due to relaxed restrictions. The group — which is made up of the automotive, racing and applied...
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5y ago from GrandPrix247.com
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