News Details
Dennis demoted at McLaren as car division loses money
26 April, 2013 McLaren P1 prototype
According to a Auto Motor und Sport, Ron Dennis has been demoted at McLaren in the wake of automotive division losing money.
Although still referred to as the famous British team's ‘supremo', the 65-year-old – succeeded by Martin Whitmarsh – stepped down as McLaren team principal some years ago.
He also sold half of his 30 per cent stake in the Woking based company to the Bahrain investment vehicle Mumtalakat Holding, and most recently has been focused on McLaren's road car production subsidiary.
And according to the report, it is the road car business, and the extent of Bahrain's new influence at McLaren, that has resulted in...
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