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FiestaST
Honorary Master
- Joined
- Aug 9, 2009
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Another one bites the dust.
Audi buys McLaren Group to secure Formula 1 entry
Autocar source reports that Audi has purchased the McLaren Group, safeguarding the future of the British supercar brand
An Autocar source reports that Audi has bought McLaren in a deal that gives the German manufacturer complete control over the whole group and secures it an entry into Formula 1.
The change of ownership should secure the future of McLaren, which has been operating under heavy financial pressures despite an injection of capital late last year following a refinancing worth up to £500 million. It is unclear whether the latest development is linked to the recent departure of McLaren CEO Mike Flewitt, who stepped down from his role after eight years last month.
McLaren stated there has been no change at a management level, while an Audi spokesperson had no official comment to add at this stage.
The takeover gives Audi access to another supercar brand alongside Lamborghini, which it controls. It also opens up the possibility of Audi engines powering McLarens, plus it gives the manufacturer control of highly rated McLaren Applied, the arm of the group that specialises in electrification systems for both road and track.
It is unclear what the implications of any Audi-McLaren tie-up would be on the now-finalised partnership between Rimac and Bugatti, which has been devised with the aim of developing all-electric successors to the Nevera EV hypercar and the soon-to-be-retired Bugatti Chiron.
www.autocar.co.uk
Audi buys McLaren Group to secure Formula 1 entry
Autocar source reports that Audi has purchased the McLaren Group, safeguarding the future of the British supercar brand
An Autocar source reports that Audi has bought McLaren in a deal that gives the German manufacturer complete control over the whole group and secures it an entry into Formula 1.
The change of ownership should secure the future of McLaren, which has been operating under heavy financial pressures despite an injection of capital late last year following a refinancing worth up to £500 million. It is unclear whether the latest development is linked to the recent departure of McLaren CEO Mike Flewitt, who stepped down from his role after eight years last month.
McLaren stated there has been no change at a management level, while an Audi spokesperson had no official comment to add at this stage.
The takeover gives Audi access to another supercar brand alongside Lamborghini, which it controls. It also opens up the possibility of Audi engines powering McLarens, plus it gives the manufacturer control of highly rated McLaren Applied, the arm of the group that specialises in electrification systems for both road and track.
It is unclear what the implications of any Audi-McLaren tie-up would be on the now-finalised partnership between Rimac and Bugatti, which has been devised with the aim of developing all-electric successors to the Nevera EV hypercar and the soon-to-be-retired Bugatti Chiron.
New source: Audi, BMW in talks to partner McLaren | Autocar
New information suggests British-based F1 team and sports car maker is entering 'important' phase of discussion with multiple partners
