McLaren Group Ltd., the supercar maker and racing team owner, is seeking about 300 million pounds ($374 million) in fresh funding just months after completing a similarly-sized capital raise, people familiar with the matter said.
Tag: McLaren
@McLaren: Secrets of the Speedtail: the race-bred electric drive and ground-breaking battery technology in McLaren’s hybrid Hyper-GT
30 Apr 2020 McLaren Speedtail has the highest specific battery power of any production road car Hybrid Hyper-GT uses motorsport technology to supplement twin-turbocharged V8 Innovative battery cooling system enables electric drive to work harder for longer Following the announcement that the Speedtail – the fastest McLaren ever – had completed high-speed validation tests in… Continue reading @McLaren: Secrets of the Speedtail: the race-bred electric drive and ground-breaking battery technology in McLaren’s hybrid Hyper-GT
@McLaren: McLaren Automotive renews commitment to vehicle weight reduction to further enhance efficiency and performance
23 Apr 2020 McLaren Automotive CEO, Mike Flewitt reaffirms that winning ‘the weight race’ is a priority for McLaren as it moves towards a new generation of hybrid supercars Carbon fibre body structures and components will remain a primary enabler in delivering superlight supercars as part of overall engineering focus on driving down weight McLaren… Continue reading @McLaren: McLaren Automotive renews commitment to vehicle weight reduction to further enhance efficiency and performance
@McLaren: During these unprecedented times, McLaren, as part of the Ventilator Challenge UK consortium
During these unprecedented times, McLaren, as part of the Ventilator Challenge UK consortium – a collective of UK major manufacturing, medical and specialist tech and manufacturing companies including UK-based Formula 1 teams – has been working hard to help answer the national need for additional ventilators in response to the COVID-19 crisis. McLaren has been focused… Continue reading @McLaren: During these unprecedented times, McLaren, as part of the Ventilator Challenge UK consortium
McLaren: successor to P1 hybrid hypercar coming in 2024
He said: “We don’t build cars like that: pure 0-200kph or 0-300kph or even top speed. It’s not the car’s purpose, it’s a consequence of the attributes we’ve designed into it.” McLaren has already committed to an aggressive hybridisation of its line-up, with the plug-in hybrid replacement for the Sports Series coming first and then… Continue reading McLaren: successor to P1 hybrid hypercar coming in 2024
@McLaren: McLaren Automotive suspends production in response to the Covid-19 crisis
24 Mar 2020 In response to the Covid-19 pandemic, McLaren Automotive has suspended production at its UK manufacturing facilities with immediate effect until the end of April. We are taking this action to ensure the safety of our workforce in light of the latest Government advice and so that the company is well placed to… Continue reading @McLaren: McLaren Automotive suspends production in response to the Covid-19 crisis
McLaren to put staff on furlough, F1 drivers take pay cut
LONDON (Reuters) – McLaren became the first Formula One team to furlough staff because of the coronavirus on Wednesday, with drivers Lando Norris and Carlos Sainz joining senior management in taking a pay cut. FILE PHOTO: Formula One F1 – Pre Season Testing – Circuit de Barcelona-Catalunya, Barcelona, Spain – February 21, 2020 McLaren’s Lando… Continue reading McLaren to put staff on furlough, F1 drivers take pay cut
@McLaren: A consortium of significant UK industrial, technology and engineering businesses from across the aerospace, automotive and medical sectors, has come together to produce medical ventilators for the UK.
A consortium of significant UK industrial, technology and engineering businesses from across the aerospace, automotive and medical sectors, has come together to produce medical ventilators for the UK. The VentilatorChallengeUK Consortium (“the consortium”) is led by Dick Elsy, CEO of High Value Manufacturing Catapult, a group of manufacturing research centres in the UK. Over the… Continue reading @McLaren: A consortium of significant UK industrial, technology and engineering businesses from across the aerospace, automotive and medical sectors, has come together to produce medical ventilators for the UK.
UPDATE 2-British carmakers and aerospace groups answer call to make ventilators
LONDON (Reuters) – Some of Britain’s biggest companies with expertise in aerospace and cars have formed three teams to produce basic ventilators to help the National Health Service cope with the coronavirus outbreak. Meggitt (MGGT.L), which employs 12,000 people and builds components including oxygen systems for civil aerospace and military fighter programs, is leading one… Continue reading UPDATE 2-British carmakers and aerospace groups answer call to make ventilators
@McLaren: Luxury automotive, motorsport and technology company McLaren Group has raised additional equity to support its long-term strategy. The Group has also confirmed Paul Walsh as Executive Chairman
Luxury automotive, motorsport and technology company McLaren Group has raised additional equity to support its long-term strategy. The Group has also confirmed Paul Walsh as Executive Chairman. The existing, long-standing shareholders have provided £300m of equity to support the group and McLaren’s commitment to the brand’s strategy. Paul Walsh brings a wealth of business experience… Continue reading @McLaren: Luxury automotive, motorsport and technology company McLaren Group has raised additional equity to support its long-term strategy. The Group has also confirmed Paul Walsh as Executive Chairman