Praga Cars has revealed the first steps in an ambitious expansion programme beginning with the appointment of ex-BMW and McLaren Automotive executive Mark Harrison to head up the newly formed Praga Cars UK. Praga has made the strategic decision to increase its presence in the UK, a key motorsport market, through the creation of Praga… Continue reading @niche: Praga Cars announces expansion plans including dedicated race category and new R1 race car000092
Tag: McLaren
McLaren thinks about the sale of the Woking office
Market and Industry September 15, 2020 1 ‘of reading The McLaren Group is considering the sale of its global headquarters in Woking, in the southwestern suburb of London, as part of the refinancing strategy announced by the company earlier this year. The sports car maker said it had instructed banks to study a debt restructuring… Continue reading McLaren thinks about the sale of the Woking office
World NM: McLaren considers sale of global headquarters to raise cash000120
Luxury sports-car maker McLaren Automotive is considering a sale of its global headquarters as part of a refinancing strategy the company announced earlier this year. McLaren sought emergency funds over the summer offering its headquarters and historic car collection as collateral. Existing creditors opposed the plan in court, eventually forcing McLaren to raise 150 million… Continue reading World NM: McLaren considers sale of global headquarters to raise cash000120
McLaren considers sale of global headquarters to raise cash
Luxury sports-car maker McLaren Automotive is considering a sale of its global headquarters as part of a refinancing strategy the company announced earlier this year. The U.K. company has also appointed banks to advise on a debt restructuring and equity raise to buttress its balance sheet, it said in a statement Thursday. The company has… Continue reading McLaren considers sale of global headquarters to raise cash
McLaren plans to sell then lease back Woking HQ after sales slump
Automotive industry Group hopes to free up £200m from sale of complex designed by Norman Foster Coronavirus – latest updates See all our coronavirus coverage McLaren HQ in Woking, Surrey. The company says its automotive revenues fell to only £143.1m in first half of the year. Photograph: David Goddard/Getty Images The supercar manufacturer McLaren is… Continue reading McLaren plans to sell then lease back Woking HQ after sales slump
How Lucid Motors plans to spin Tesla-killing strategy out of air
“Peter I’m working for this guy called Elon Musk, and we are in deep s–-.” That’s how the phone call from Tesla model manager Dave Morris to engineer Peter Rawlinson began in 2009, when Morris needed help working on the prototype for a new electric car. Eventually, he lured Rawlinson to work at Tesla Inc.,… Continue reading How Lucid Motors plans to spin Tesla-killing strategy out of air
Rolls-Royce CEO promises profitable 2020 – Automotive News Europe
LONDON — Rolls-Royce will be profitable this year despite a sales slump caused by the coronavirus pandemic, CEO Torsten Müller-Ötvös told Automotive News Europe. The BMW Group-owned brand has not cut jobs and has no plans to do so, making it unique among ultraluxury brands based in the UK. Bentley, McLaren and Aston Martin have… Continue reading Rolls-Royce CEO promises profitable 2020 – Automotive News Europe
Porsche to develop synthetic e-fuel, looking for partners
Porsche has announced that it wants to “drive forward the development of synthetic fuels (e-fuels) and is seeking partners to build pilot factories to prove e-fuels’ viability. Although Porsche is investing in electrification, as evidenced by the introduction of the Taycan EV earlier this year, it believes the technology is not reducing its carbon footprint quickly… Continue reading Porsche to develop synthetic e-fuel, looking for partners
@McLaren: McLaren 620R: a race-car experience on road and track
19 Aug 2020 Limited-edition, competition-inspired coupé Road-legal version of a race car, born from successful McLaren 570S GT4; maximises deployment of motorsport technology free from restriction of racing regulations All hand-assembled in Woking, UK and just 225 now available to customer order The most powerful car in the McLaren Sports Series, with 620PS and 620Nm… Continue reading @McLaren: McLaren 620R: a race-car experience on road and track
Porsche seeks partner to develop synthetic fuels
Porsche has announced that it wants to “drive forward the development of synthetic fuels [e-fuels]” and is seeking partners to build pilot factories to prove e-fuels’ viability. Although Porsche is investing in electrification, as evidenced by the introduction of the Taycan EV earlier this year, it believes the technology is not reducing its carbon footprint quickly enough.… Continue reading Porsche seeks partner to develop synthetic fuels