Group seeks to raise £275m after racing season and supercar sales ground to a haltCoronavirus – latest updatesSee all our
Coronavirus coverageMcLaren Group, the
Formula One team owner and maker of supercars, is cutting 1,200 jobs as it seeks to weather the impact of the coronavirus crisis on the automotive industry.
The
Job losses amount to more than a quarter of the Surrey-based company’s 4,000 workforce and will be spread across the company’s Formula One, road-car and applied technologies operations.