Automotive industry Group seeks to raise £275m after racing season and supercar sales ground to a halt Coronavirus – latest updates See all our coronavirus coverage McLaren hopes the British Grand Prix Formula One will go ahead in July. Photograph: David Davies/PA McLaren Group, the Formula One team owner and maker of supercars, is cutting… Continue reading Formula One carmaker McLaren cuts 1,200 jobs amid Covid-19 crisis
Tag: Possible_Motorsport
Aston Martin chief leaves after 94% share price collapse
Struggling luxury UK carmaker Aston Martin has announced that chief executive Andy Palmer has stepped down. Tobias Moers is taking over from 1 August, with Keith Stanton filling the gap as interim chief operating officer. Mr Moers joins from Mercedes’ high-performance subsidiary AMG, where he is currently chief executive. Aston Martin was struggling before the… Continue reading Aston Martin chief leaves after 94% share price collapse
McLaren to cut 1,200 jobs as virus hits demand
UK supercar maker and Formula 1 team McLaren plans to cut more than a quarter of its workforce after the coronavirus crisis hit sales and advertising revenue. The firm employs about 4,000 people, and of the 1,200 to be made redundant, the vast majority will be in the UK. Formula 1 racing has been suspended,… Continue reading McLaren to cut 1,200 jobs as virus hits demand
Aston Martin boss Andy Palmer set to be replaced by AMG boss Moers
Aston Martin boss Andy Palmer will be replaced at the helm of the company by AMG boss Tobias Moers on Tuesday, according to a report in the Financial Times. The British sports car maker has responded to the report by saying it has no comment to make, neither confirming nor denying the story. Palmer’s position… Continue reading Aston Martin boss Andy Palmer set to be replaced by AMG boss Moers
McLaren pledges luxury cars as collateral in bid to secure £250m
When the government called for British industry to help build life-saving ventilators as the scale of the coronavirus crisis became clear, McLaren was one of the first to step forward. As part of the VentilatorChallengeUK consortium alongside Airbus and Rolls-Royce, by mid-April the Formula One firm was making components for the life-saving machines and building… Continue reading McLaren pledges luxury cars as collateral in bid to secure £250m
@McLaren: ‘Spider Spider’ set to fly: the last open top McLaren 600LTs arrive stateside – with an added MSO twist
19 May 2020 Final 12 examples of McLaren 600LT Spiders arrive in North American market Unique Segestria Borealis design theme by McLaren Special Operations showcases visionary creative approach Inspired by a venomous arachnid, custom paint and interior detailing create a striking final opportunity to secure a new 600LT Spider All examples of McLaren’s acclaimed 600LT Spider coming… Continue reading @McLaren: ‘Spider Spider’ set to fly: the last open top McLaren 600LTs arrive stateside – with an added MSO twist
@FCA: Alfa Romeo USA Announces 110th Anniversary Heritage Content Package
May 18, 2020 , Auburn Hills, Mich. – In preparation of Alfa Romeo’s 110th anniversary, to be officially celebrated on June 24, 2020, the brand is launching a comprehensive heritage package that highlights key moments in its illustrious history. Headlining the heritage package is an interactive e-book, which spans from the brand’s very beginning in 1910,… Continue reading @FCA: Alfa Romeo USA Announces 110th Anniversary Heritage Content Package
McLaren offers classic cars to secure virus help
McLaren is considering raising money by mortgaging its historic car collection and factory to see it through the coronavirus crisis. The Formula One team owner and supercar maker has seen sales and F1 advertising revenues hit as countries globally went into lockdown. Cars on show at McLaren’s Surrey HQ include F1 winners from the 1980s… Continue reading McLaren offers classic cars to secure virus help
Pandemic leaves McLaren exploring funding options
LONDON (Reuters) – McLaren is looking into various funding options to help the sportscar maker and Formula One team owner negotiate the coronavirus pandemic, a spokesman said on Thursday. FILE PHOTO: The McLaren logo is seen on the McLaren 765LT at its launch at the McLaren headquarters in Woking, Britain, March 3, 2020. REUTERS/Peter Nicholls… Continue reading Pandemic leaves McLaren exploring funding options
@McLaren: Artistic functionality: the inside story on the McLaren GT’s unique and high-tech interior materials
13 May 2020 McLaren design philosophy of ‘everything for a reason’ accelerates innovation in interior design, with introduction of cashmere, SuperFabric® and different types of leather McLaren GT follows Speedtail in offering new generation of technical, lightweight and sophisticated interior materials New McLaren Tech Club film that explores GT interior now live – join the… Continue reading @McLaren: Artistic functionality: the inside story on the McLaren GT’s unique and high-tech interior materials