News Details

Audi reportedly acquires McLaren Group - secures entry into F1!

Audi has allegedly acquired the entire McLaren Group according to a report published on Monday by Autocar, a deal that secures Germany automotive company's entry into Formula 1. The McLaren Group which includes McLaren Racing has struggled financially in the past 18 months as sales of its automotive division bear the brunt of the global Covid pandemic. Since 2020, the group has undergone several capital raises and financial restructuring initiatives, receiving last summer a £550 million injection from new and existing shareholders, including from investment firm Ares Management Corporation and Saudi Arabia's Public Investment Fund. ©SeanBullDesign The recapitalization move was conducted...
Full Story »
1y ago from 0

You May Also Be Interested In...

Audi reportedly buy out entire McLaren Group

A report from Autocar has claimed that Audi have secured an entry into...
1y ago from

Audi rumored to be mulling a bid for McLaren!

Volkswagen brands Audi and Porsche are set to decide their future in F1...
1y ago from

'Audi seeks takeover of F1 team McLaren'

Both BMW and Audi are said to be aiming at a takeover of McLaren. That is...
1y ago from

‘No McLaren interest in takeover from Audi'...

An Audi takeover of McLaren is “the hottest rumour in the paddock”...
1y ago from

Elsewhere On The Network

Popular On

Popular On

Andretti breaks ground on massive new headquarters

Andretti Autosport has broken ground on its massive new, $290 million...
16h ago from

IndyCar no longer developing 2.4-liter engine for 2024

The NTT IndyCar Series has announced that it is pausing development on its...
22h ago from MotorsportWeek.c...

Popular On

Popular On

Three solutions to Arsenal's Gabriel Jesus injury...

Sports Mole looks at three ways for Arsenal to manage without Gabriel...
54m ago from

Games Gabriel Jesus could miss through injury

Sports Mole takes a look at which Arsenal games Gabriel Jesus could miss...
1h ago from


Hottest News

Guenther Steiner warns McLaren about Oscar Piastri

McLaren and Haas are preparing for 2023 in very... Read More »
4h ago from

F1 LIVE - Audi join F1 grid four years early

Welcome to our 'F1 LIVE' section that keeps you... Read More »
3h ago from

Mick Schumacher handed F1 lifeline

Calvin Lo has recently thrown his hat in the ring... Read More »
2h ago from

Recent News

2014 is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.