McLaren updated Sports series delayed until 2021
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Deliveries of the McLaren 570S replacement have been delayed until 2021, following a restructure by McLaren.
McLaren Group announced the 25 percent reduction in its workforce across its automotive, racing and technologies divisions prior to announcing its interim results that showed a £133 million loss for the first three months of 2020 with less than 400 cars sold. Combined with a drop in revenue due to the delayed start to the 2020 Formula 1 and Formula E championships, McLaren Group is, like many others, on a cost cutting drive as it prepares for life after lockdown.
In a statement released by the Woking-based Group, the company said it has started a proposed restructure of its business activities “to ensure its long-term future success.”
McLaren Automotive had planned to debut its replacement Sports Series range that will be built on an all-new platform powered by a new six-cylinder hybrid powertrain later this year, with deliveries to start at the end of 2020.
McLaren will continue its investment in its new Sports Series platform and powertrain, and on models that will deliver a profit in 2020, these being the Speedtail, Elva and 765LT.
Deliveries of the McLaren 570S replacement have been delayed until 2021, following a restructure by McLaren.
McLaren Group announced the 25 percent reduction in its workforce across its automotive, racing and technologies divisions prior to announcing its interim results that showed a £133 million loss for the first three months of 2020 with less than 400 cars sold. Combined with a drop in revenue due to the delayed start to the 2020 Formula 1 and Formula E championships, McLaren Group is, like many others, on a cost cutting drive as it prepares for life after lockdown.
In a statement released by the Woking-based Group, the company said it has started a proposed restructure of its business activities “to ensure its long-term future success.”
McLaren Automotive had planned to debut its replacement Sports Series range that will be built on an all-new platform powered by a new six-cylinder hybrid powertrain later this year, with deliveries to start at the end of 2020.
McLaren will continue its investment in its new Sports Series platform and powertrain, and on models that will deliver a profit in 2020, these being the Speedtail, Elva and 765LT.
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