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McLaren Group was renamed McLaren Technology Group in 2015. In June 2017 it was announced that Dennis had sold his 25% shareholding in the company to the other shareholders, in addition to his shares in McLaren Automotive. The group then merged with McLaren Automotive to form a new company using the previous McLaren Group name. [6]
McLaren Automotive (/ m ə ˈ k l ær ə n / mə-KLARR-ən; formerly known as McLaren Cars) is a British luxury automotive manufacturer based at the McLaren Technology Centre in Woking, England. The main products of the company are sports cars , which are produced in-house in designated production facilities.
Consolidation of the automobile industry is an ongoing occurrence. Behind each automobile brand lies larger parent corporations.Auto mobile corporations, external corporations and private shareholders commonly own varying amounts of multiple auto mobile corporations, thus resulting analysis of relationships between auto mobile corporations becomes increasingly complicated.
CARMEL, Calif. — McLaren CEO Michael Leiters believes that the British luxury supercar maker can succeed much like Ferrari has — but in a somewhat different way.
Sir Ronald Dennis CBE (born 1 June 1947) is a British businessman and motorsport executive. From 1981 to 2009, Dennis served as team principal, CEO and co-owner of McLaren in Formula One, winning seven World Constructors' Championship titles between 1984 and 1998; he also served as founder, chairman and owner of McLaren Group between 1985 and 2017, where he founded McLaren Automotive in 2010.
On 10 December 2024, it was reported that CYVN Holdings have acquired the automotive business of McLaren from Mumtalakat, a deal which will see the high-performance automobile company weathers through the financial woes and builds its first electric supercar. The deal will also see CYVN hold a non-controlling stake in McLaren's racing business. [8]
Gavin Ward is out as Arrow McLaren team principal after two seasons with IndyCar Series program. "We’ve made major strides during my tenure," Ward said in a news release. "Our 2024 IndyCar ...
Ojjeh was the CEO of TAG, which owned 14.32% of the McLaren Group, [3] whose assets include McLaren Automotive and the McLaren Formula One team since the 1970s and 2000s. He was at one time the owner of TAG Heuer and Farnborough Airport. He also owned 10% of the upmarket jewellers Asprey and Garrard. [4]