September 29, 2022

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McLaren says reports of sale to Audi are “wholly inaccurate”

McLaren has reported it has not been marketed to Audi and has snubbed reviews suggesting a sale, confirming that possession of the McLaren Team has not transformed. 

With no formal remark from Audi, McLaren’s statement reads that tales of a finished sale are “wholly inaccurate.” 

“McLaren’s engineering strategy has normally included ongoing conversations and collaboration with related partners and suppliers, like other carmakers,” it continues. “However, there has been no adjust in the possession structure of the McLaren Team.”

The statement quashes rumours bordering a done offer concerning the two brand names but does not deal with reviews of a prospective sale. German market publication Automobilwoche first described on Sunday that each Audi and BMW were interested in attaining McLaren. The latter has since denied the report entirely, though a spokesperson for Audi reported: “In the study course of our strategic deliberations, we are constantly analyzing many suggestions for cooperations.”

Stories at first instructed that BMW was only interested in McLaren’s highway automobile division, McLaren Automotive, with the intention of expanding its portfolio of British-based brand names beyond MINI and Rolls-Royce. Audi, on the other hand, was originally reported to be mostly interested in McLaren’s Method 1 operations, with reviews suggesting that it was poised to acquire the total McLaren Team.

The reviews came soon after a turbulent period of time for Woking-based McLaren, which observed its CEO Mike Flewitt move down previous month soon after 8 years in cost. 

The corporation has also struggled to weather conditions the effect of the Covid-19 pandemic. Major economical pressure observed McLaren raise £550million in July from traders, like Saudi Arabia’s Public Expense Fund. Pursuing this increasing of money, it created a comparable figure via a bond situation, though in April it marketed its Woking manufacturing unit to an American investment team as component of a offer that observed the British organization lease the premises back again.

If Audi was to order McLaren it would be the next supercar brand under its command soon after Lamborghini. It would also give the broader VW Team direct access into Method 1, some thing which it is believed the 4-ringed organization has been thinking of for some time. 

Porsche, an additional substantial-stop VW brand with potent motorsport background, has also been thinking of an F1 entry, although it is considered this would be as a powertrain husband or wife for an existing group somewhat than as a standalone brand.

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