News Details
McLaren raises more funds with sale of Applied tech unit
The McLaren Group continues its push to shore up its financials, having agreed to sell its Applied technology division to a private investment group. McLaren Applied which specializes in electrification, telemetry, analytics and control, and which supplies the standard ECU used in F1's power units, has been acquired by London-based Greybull Capital. The move is part of the automotive group's financial turnaround that recently included a sale and lease back of its state-of-the-art McLaren Technology Center in Woking, a sale of £185 million minority stake in McLaren Racing, and a 550 million capital restructuring undertaken last month with several investors and existing shareholders,...
Full Story »
Full Story »
You May Also Be Interested In...
McLaren agree to sell Applied technology division
McLaren have confirmed that a deal has been struck to sell their Applied...
4y ago from PlanetF1.com
McLaren agrees sale of technology division to increase...
McLaren Group has announced the sale of its Applied technology division to...
4y ago from GPFans.com
McLaren agrees sale of its technology business
The McLaren Group has agreed to sell its technology division, McLaren...
4y ago from MotorsportWeek.com
Hungarian Grand Prix: Starting grid with penalties...
Mick Schumacher is the only driver that has been hit with a penalty for...
4y ago from GPFans.com
Elsewhere On The Network
Popular On MGPToday.com
Ducati’s first run with 850cc MotoGP bike was...
No description available...
5h ago from Motorsport.com
Aprilia explains why it hasn’t tested 850cc bike...
No description available...
20h ago from Motorsport.com
The dilemma Francesco Bagnaia's MotoGP race engineer...
No description available...
21h ago from Motorsport.com
Marc Marquez admits ‘touch of madness’ is key to...
Marc Marquez has provided fascinating insight into how he balances risk...
21h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Pato O'Ward issues damning verdict on ‘Mario...
Pato O'Ward isn't chasing F1 any more after falling out of love with...
1d ago from MotorsportWeek.c...
Winners and losers from the IndyCar Grand Prix of Long...
No description available...
1d ago from Motorsport.com
IndyCar names officiating director ahead of Indy 500
IndyCar Officiating has announced Scot Elkins as the new Managing...
1d ago from MotorsportWeek.c...
IndyCar Officiating confirms Scot Elkins as Managing...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
How Rally Islas Canarias could crown another new WRC...
No description available...
22h ago from Motorsport.com
Why Dani Sordo is excited for his WRC topflight return
No description available...
2d ago from Motorsport.com
Ott Tanak lands 2027 WRC car testing role with Toyota
No description available...
5d ago from Motorsport.com
Thierry Neuville wants to "make everyone proud...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Bayern Munich focused on stealing Arsenal and...
Bayern Munich are wasting absolutely no time preparing for a massive...
1h ago from CaughtOffside.com
The one simple trick Arsenal need to make their attack...
Morning all. As I am not a total masochist, I did not spend any time...
5h ago from Arseblog.com
'Even when he tries to be calm, he's faking it' -...
Former Chelsea star John Obi Mikel has claimed that Arsenal manager Mikel...
12h ago from SportsKeeda.com
'Typical bottle merchants', 'Bottling officially...
Arsenal and Mikel Arteta are being mocked on social media after Manchester...
13h ago from SportsKeeda.com
Comments
Hottest News
Zak Brown launches ‘sporting fairness' attack over F1...
McLaren CEO Zak Brown has launched an attack on... Read More »
1h ago from MotorsportWeek.com
Red Bull F1 exodus continues as yet another key figure...
The exodus of big names from Red Bull has been... Read More »
4h ago from GPFans.com
F1 star shares open heart surgery scars after life-saving...
Sky Sports F1 legend Martin Brundle has taken to... Read More »
1h ago from GPFans.com
