author: Eric Walz Rivian Automotive, an automotive technology company developing electric SUVs and pickup trucks has secured $200 million of debt financing from Standard Chartered Bank, adding to the financing Rivian has already secured from other investors, including Sumitomo Corporation of Americas (SCOA). RJ Scaringe, Founder and Chief Executive Officer of Rivian, stated, “This latest… Continue reading Rivian Automotive Closes Financing Round of $200 Million
Tag: McLaren
Canadian entrepreneur buys 10% of McLaren Group for almost £204m
Michael Latifi, a Canadian businessman, has become McLaren Group’s third-largest shareholder, investing almost £204 million in return for a 10% stake. Latifi’s company Nidala Limited now owns one tenth of McLaren Automotive, McLaren Racing and McLaren Applied Technologies, with the only larger shareholders being the Bahrain Mumtalakat Holding Company and Mansour Ojjeh’s TAG Group. McLaren… Continue reading Canadian entrepreneur buys 10% of McLaren Group for almost £204m
Prodrive: how it went from building rally cars to hybrid transit vans
“I’ve always looked at ambulances as heavy, old technology. How do you bring them into the modern era? That’s what we’re working on next.” David Richards, the boss of the Prodrive race team and engineering company he set up in 1984, is nothing if not diverse in his business. While closely associated with high-profile World… Continue reading Prodrive: how it went from building rally cars to hybrid transit vans
Aston Martin hires former Bugatti exterior designer amid performance boost plans
Aston Martin’s shift towards becoming a brand of higher-performance models has taken another step forward with its hiring of former Bugatti employee Tobias Sühlmann as exterior design boss. Sühlmann, who has worked for Mercedes, the PSA Group and Volkswagen before moving to hypercar-maker Bugatti as its exterior creative development boss, arrives at a time Aston… Continue reading Aston Martin hires former Bugatti exterior designer amid performance boost plans
McLaren Automotive unleashes the ‘Ultimate Series’ of mobile apps
15 May 2018 New McLaren Automotive app for smart phones now available The handiest way yet to learn about, share in and become part of the exciting world of McLaren Automotive News, videos, owners’ handbooks – plus booking of McLaren events Now you can take your McLaren with you everywhere thanks to the brand’s new automotive mobile… Continue reading McLaren Automotive unleashes the ‘Ultimate Series’ of mobile apps
RETAIL NETWORK CONTINUES TO INVEST AS McLAREN AUTOMOTIVE ACCELERATES NORTH AMERICAN GROWTH
22 May 2018 McLaren Beverly Hills and McLaren Sterling open brand new showrooms Retailers continue to invest in brand as sales increase Retailer network in North America includes 23 locations; new retail points scheduled for announcement in 2018 McLaren Automotive retailers on both the East and West Coasts have opened new, brand exclusive, showroom facilities… Continue reading RETAIL NETWORK CONTINUES TO INVEST AS McLAREN AUTOMOTIVE ACCELERATES NORTH AMERICAN GROWTH
700bhp Aston Martin DBS Superleggera: new pictures of Volante drop-top
The upcoming Aston Martin DBS Superleggera will spawn a convertible version that looks set to become the brand’s fastest drop-top yet. Following the confirmed launch of the coupé in June, the DBS Superleggera Volante, which has just been spotted testing for the first time, will arrive to create a pair of high-performance successors to the current Vanquish and Vanquish Volante. Power will come from… Continue reading 700bhp Aston Martin DBS Superleggera: new pictures of Volante drop-top
Geely considering dual-location stock market flotation of Volvo
Chinese car giant Geely is considering floating Volvo on the Hong Kong and Stockholm stock exchanges. According to Bloomberg, the burgeoning Swedish brand’s parent company has consulted three major banking firms – Goldman Sachs, Citigroup and Morgan Stanley – on the possible move. Sources disclosed that a company value of between £12 billion and £22 billion is… Continue reading Geely considering dual-location stock market flotation of Volvo
McLaren Automotive celebrates its cars being ‘Built in Britain’ at the 2018 London Motor Show
9 May 2018 McLaren Automotive helps to celebrate the best of British manufacturing at the London Motor Show, May 17-20, at ExCeL London Award-winning McLaren Super Series and Sports Series models on display within ‘Built in Britain’ area Proudly British company continues to invest in the UK, its second-largest market by sales volume Construction of… Continue reading McLaren Automotive celebrates its cars being ‘Built in Britain’ at the 2018 London Motor Show
McLaren Automotive adds eighth UK dealership
Woking-based McLaren Automotive has added an eighth location to its UK dealership network. The new site will go by the name McLaren Leeds. The new location joins the existing network made up of facilities in Ascot, Birmingham, Bristol, Glasgow, Hatfield, London and Manchester. The facility will be operated by Park’s Motor Group, which also manages… Continue reading McLaren Automotive adds eighth UK dealership