McLaren posts weak financials, sold just 307 cars in three months
McLaren posts weak financials, sold just 307 cars in three months
Formula One 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. 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 Woking-based company said McLaren Group was "looking at a numbe
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Formula One 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. 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 Woking-based company said McLaren Group was "looking at a numbe
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McLaren posts weak financials, sold just 307 cars in three months originally appeared on Autoblog on Thu, 28 May 2020 09:25:00 EDT. Please see our terms for use of feeds.
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