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AUTO NEWS – McLaren’s Newest Investor Brings Large Sigh Of Aid

McLaren’s Newest Investor Brings Large Sigh Of Aid

McLaren’s largest majority shareholder stays Bahrain’s Mumtalaket sovereign funding fund. “Following the strategic funding into Racing that we secured final yr, this profitable fairness elevate is a key component of our complete monetary technique to help the Group’s sustainable progress plans,” mentioned McLaren Group’s govt chairman Paul Walsh. “With these robust foundations now in place, we’re nicely positioned to attain our ambitions as a world luxurious supercar and elite motorsport enterprise, with Automotive as McLaren’s core revenue driver.”

Mixed with one other fairness injection and investments from late yr, McLaren continues to show issues round. Within the first enterprise quarter of this yr, for instance, revenues elevated by 145 p.c over the identical interval in 2020.

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AUTO NEWS – McLaren’s Newest Investor Brings Large Sigh Of Aid
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