Formula One team owners McLaren saw group revenues reverse from £284 million ($348.13 million) to £109 million in the first quarter of 2020 due to the COVID-19 pandemic, results on Thursday showed. Editor's Picks McLaren to cut 1,200 jobs, including F1 roles 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 --...
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