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Supercar group McLaren to cut 1,200 jobs amid coronavirus pandemic

British supercar manufacturer McLaren Group, which includes the Formula One team, said on Tuesday it would cut 1,200 jobs under a proposed restructuring program as it deals with the fallout from the coronavirus pandemic. The move is expected to impact jobs across the group's applied technology, automotive and racing businesses, the company said in a statement. The cancellation of motorsport events, the suspension of manufacturing and retail activities around the world and reduced demand for technology solutions have hurt the group's revenue generating activities, the company added. "It is a course of action we have worked hard to avoid, having already undertaken dramatic cost-saving measures across all areas of the business. But we have no other choice but to reduce the size of our workforce," Executive Chairman Paul Walsh said. The job cuts represent more than a quarter of the group's workforce of just over 4,000, according to Sky News, which first reported the news. The group is majority owned by Bahrain's sovereign wealth fund Mumtalakat. McLaren was the first Formula One team to furlough staff in April because of the pandemic. It has a headcount of just over 800 people, which is expected to be reduced by around 70. Formula One is due to introduce a $145 million budget cap next year as the sport seeks to cut costs and help the 10 teams survive. McLaren is the second most successful team after Ferrari in the sport's history and gave Mercedes' six-times world champion Lewis Hamilton his debut in 2007. It finished fourth in 2019 and has just signed Australian Daniel Ricciardo to partner Britain's Lando Norris in 2021. Sky News reported on May 14 that McLaren was seeking to raise up to 275 million pounds ($339.57 million) by borrowing against its Woking headquarters and collection of historic racing cars. Related Video:    

McLaren 720S Stealth isn't all that stealthy

Plenty of supercar and ultra-luxury car brands have bespoke vehicle programs. However, we don't always get a peek behind the curtains at what exactly comes out of those. Ferrari has Tailor Made; Bentley has Mulliner; Aston Martin has Q and so on. McLaren might just have the most public and outspoken of all these programs with MSO, or McLaren Special Operations. Today it released all the details on one of its latest creations: the MSO 720S Stealth Theme. It's not particularly accurate to call a 720S "stealthy," but the Sarthe Grey paint does the best job it can. That color is inspired by the 1995 Le Mans-winning McLaren F1 GTR, and is broken up by red accents throughout the vehicle. This red detailing was hand-painted and took nearly 200 hours to finish, according to McLaren. A unique satin finish is used for all the visual carbon fiber components, including the front air intakes, door mirrors and arms, rear deck and engine cover and rear fender air intakes. Extra lightweight MSO wheels get finished in black and the same red accents as the rest of the car. The interior continues the red and carbon fiber theme with bright accents everywhere you look. Having the economic freedom to write a blank check to McLaren is how you're going to build yourself a car like this. The London McLaren dealer commissioned this one to be made, so it'll be staying on the other side of the pond for now. It's always neat to check these ultra-unique type of cars out — Lamborghini just took it a full step beyond this one and built a one-off car for a wealthy client. This McLaren will end up drawing a few extra stares too. Related video:

Ken Block's Gymkhana 8 to feature Dubai Police cars?

Yesterday we showed you the shiny Ford Fiesta that Ken Block will slide, spin, and hoon through the next Gymkhana video. In case the image above isn't clear, that video will drop at midnight EST on February 30th on the Ford Performance YouTube channel. We don't know all the entire premise of the video yet, but this Tweet from the man himself reveals that the video will be set in Dubai. Block is standing on the Fiesta we saw yesterday, and arrayed behind him are a handful of those famous Dubai Police cars you're probably familiar with. The force has a fleet of sportscars and supercars, and the purpose is outreach and goodwill among its citizenry, not necessarily the pursuit of criminals. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. From left to right, we can see a Maserati GranTurismo, Porsche 911, what looks to be a Nissan GT-R obscured by Block's Fiesta, a McLaren (likely a 650S), Ford Mustang, and a Ferrari 599 of some ilk. Will they take part? Maybe Block will try and run from what might be the most horsepower-intensive police fleet in the world. We'll have answers (and a few minutes of pure Block hooniganism) in a few days. Related Video: