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
Why Marc Marquez doesn't want to wrap the MotoGP title...
No description available...
3h ago from Motorsport.com
Pedro Acosta: Marc Marquez’s comeback as big as...
No description available...
4h ago from Motorsport.com
Francesco Bagnaia reveals Ducati breakthrough to fix...
No description available...
6h ago from Motorsport.com
Miguel Oliveira “surprised” by Yamaha MotoGP axe,...
No description available...
8h ago from Motorsport.com
Popular On IndyCarToday.com
Colton Herta leaves IndyCar to pursue F1 with Cadillac...
The Cadillac F1 Team has announced that it has hired IndyCar star Colton...
1d ago from MotorsportWeek.c...
Rinus VeeKay separates from Dale Coyne Racing
Rinus VeeKay will not race with Dale Coyne Racing next season after...
1d ago from MotorsportWeek.c...
Will Power to replace Colton Herta at Andretti in 2026
No description available...
1d ago from Motorsport.com
IndyCar moves street race from Toronto to Markham for...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Toyota’s Sebastien Ogier races to thrilling comeback...
No description available...
4d ago from Motorsport.com
WRC championship twist as Hyundai retires Adrien...
No description available...
3d ago from Motorsport.com
Sebastian Ogier wants WRC title by “winning...
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
Episode 843 – Injuries
Welcome to another episode of the Arsecast – the Arsenal podcast. In...
6h ago from Arseblog.com
Collymore's column: Mikel Arteta criticism, Isak and...
In his exclusive column for CaughtOffside, former Liverpool striker Stan...
7h ago from CaughtOffside.com
After Peter Schmeichel slams Arsenal for ‘ugly brand...
Former Arsenal star Theo Walcott has dismissed Manchester United legend...
7h ago from SportsKeeda.com
'It’s remarkable' – Collymore reacts to Mikel...
Arsenal had started their season with two victories out of two, but last...
7h ago from CaughtOffside.com
Comments
Hottest News
Sky F1 pundit robbed ahead of Italian GP
A Sky F1 pundit has revealed that she was robbed... Read More »
1h ago from GPFans.com
Alonso slams shorter F1 races: ‘Problem is society, not...
Formula 1’s latest debate is revving up, and... Read More »
1h ago from F1i.com
Williams files right of review with FIA over Sainz Dutch GP...
In a move to contest a controversial penalty, the... Read More »
56m ago from F1i.com
