The McLaren Group is in talks with the National Bank of Bahrain to secure an urgent company-saving loan which would allow it to continue operating in the short-term. The British supercar manufacturer and Formula 1 team has been hit hard by the coronavirus pandemic, with its automotive business posting a £133 million loss for the opening quarter of the year as a result of stalled car sales. A number of funding options have been explored including selling a stake in the F1 team, borrowing against its assets such as its Woking factories and historic car collection. However existing lenders blocked the latter option, claiming those assets are already collateral against existing loans....
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