It is official—McLaren Group has a brand new proprietor. Bahrain Mumtalakat Holding Firm, the nation’s sovereign wealth fund, has taken full possession of the automaker, increasing its stake from 60 % to 100.
There are few clear particulars about what this might imply for McLaren Automotive. The group’s govt chairman, Paul Walsh, stated the transfer “will additional allow us to give attention to delivering our long-term marketing strategy.” That may embody investing in new merchandise and applied sciences.
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McLaren Automotive doubtless now has the monetary assist it must fund the event of future fashions and electrify its lineup. The supercar maker has run into cash points in recent times, promoting a few of its historic automobiles in 2022 to fund the delayed Artura supercar. A yr earlier than that, McLaren bought its headquarters and System 1 manufacturing unit.
The outfit received a brand new CEO in 2022 and launched the 750S in 2023, the successor to the profitable 720S. It additionally launched a refreshed model of its sensible supercar late final yr, turning the GT into the GTS.
There are rumors the corporate may launch its new hypercar by the tip of the yr. McLaren is already “fine-tuning” it, which is able to allegedly pack a plug-in hybrid V8 engine making over 1,000 horsepower. It will reportedly ditch the model’s dihedral doorways for gullwing ones, get an all-new carbon-fiber chassis, and have 3D-printed suspension parts.
A number of months after Michael Leiters took over as McLaren CEO, he admitted that previous fashions had been “non-mature merchandise.” The brand new house owners ought to assist carry funds and stability to the corporate as it really works to broaden, adapt, and enhance the standard of its product.