McLaren Group has a new owner after Bahrain Mumtalakat Holding Company, the country’s sovereign wealth fund, has acquired complete ownership, increasing their stake from 60% to 100%.
There are few clear details about what this could mean for McLaren Automotive. The group’s executive chairman, Paul Walsh, said the move “will further enable us to focus on delivering our long-term business plan.”
This more than likely means it has the financial support to fund the development of future models and electrify its lineup. This comes after facing financial hurdles in recent years, even requiring the sale of historic vehicles in 2022 to fund the Artura supercar.
Just a few months into the role, Michael Leiters, the new McLaren CEO, acknowledged some past models as “non-mature products.” The new ownership structure should provide much-needed stability and financial backing as McLaren looks to expand, adapt, and refine their product line. With a renewed focus on the future, this could be the perfect pit stop for McLaren to become a dominant force in the supercar race.
The post McLaren Group Now Owned By Sovereign Wealth Fund of Bahrain appeared first on Zero2Turbo.
Commercials Cooperation Advertisements:
(1) IT Teacher IT Freelance
立刻註冊及報名電腦補習課程吧!
电子计算机 -教育 -IT 電腦班” ( IT電腦補習 ) 提供一個方便的电子计算机 教育平台, 為大家配對信息技术, 電腦 老師, IT freelance 和 programming expert. 讓大家方便地就能找到合適的電腦補習, 電腦班, 家教, 私人老師.
We are a education and information platform which you can find a IT private tutorial teacher or freelance.
Also we provide different information about information technology, Computer, programming, mobile, Android, apple, game, movie, anime, animation…
(2) ITSec
www.ITSeceu.uk
Secure Your Computers from Cyber Threats and mitigate risks with professional services to defend Hackers.
ITSec provide IT Security and Compliance Services, including IT Compliance Services, Risk Assessment, IT Audit, Security Assessment and Audit, ISO 27001 Consulting and Certification, GDPR Compliance Services, Privacy Impact Assessment (PIA), Penetration test, Ethical Hacking, Vulnerabilities scan, IT Consulting, Data Privacy Consulting, Data Protection Services, Information Security Consulting, Cyber Security Consulting, Network Security Audit, Security Awareness Training.
Contact us right away.
Email (Prefer using email to contact us):
SalesExecutive@ITSec.vip