McLaren may lose its independence

McLaren may lose its independence

FineAuto

German media have named possible contenders for the purchase of McLaren Automotive. According to Automobilwoche, BMW and Audi, part of the Volkswagen concern, are interested in the acquisition of the sports car manufacturer. At the same time, BMW wants to acquire only the business related to the production of cars, while Audi is ready to make an offer for the purchase of the Formula 1 team. In early December, the parties will discuss a deal with the Bahraini fund Mumtalakat, which owns 42% of McLaren shares.

The privately held British company McLaren is based in Woking, UK. In 2020, it became known that the brand was on the verge of bankruptcy due to the coronavirus pandemic: revenues fell sharply due to falling car sales and the cancellation of racing competitions. The automaker asked the British government for financial support, but was refused.

In September of the same year, McLaren put up its headquarters for sale: real estate in Waring was estimated at 200 million pounds, but as a result sold for less, for 170 million pounds. The buyer was the American company Global Net Lease, which became the owner of three buildings located on the territory of the base in Woking: McLaren Technology Center, Production Center, which assembles “commodity” models, and Thought Leadership Center. McLaren himself did not leave the base, but became a tenant.

Now there are rumors about a possible sale of the brand, which McLaren does not comment on. Refuse to comment and BMW and Audi, which are called potential buyers.

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