McLaren Expects to Lose a Third of Revenues

Posted on 12/08/2008


Sporty-car manufacturer McLaren expects to have revenues drop by more than a third. This is due to the global financial crisis. Advertising dollars have been slashed, negatively affecting their business. 40% of McLaren is owned by Mercedes. 30% is owned by Bahrain’s Mumtalakat Holdings. The rest is owned by individuals including Mansour Ojjeh, a French-born […]