Bholanath Tiwari’s Post

McLaren Automotive Ltd, the British luxury sports car manufacturer, has been sold to a UAE investor for $1.5 billion. This acquisition marks a significant shift for the iconic brand, known for its high-performance vehicles and innovation in motorsports. The sale is expected to bring new financial backing, enabling McLaren to expand its operations, invest in electric vehicle technology, and maintain its competitive edge in the automotive market. #Businessbulls #Business #Luxury #News

Credit rating of carmaker downgraded Fitch Ratings downgraded McLaren Holdings’s (McLaren) credit rating to ‘CCC+’ from ‘B-,’ reflecting concerns about the carmaker’s long-term funding plans and negative free cash flow. The downgrade comes despite recent production volume increases and resilient pricing power in the luxury supercar segment. However, McLaren remains dependent on ongoing financial support from its sole owner, Bahrain Mumtalakat Holding Company (Mumtalakat), to maintain operations and service debt. Read more: https://lnkd.in/dx-g2Acr

A significant milestone in Audi’s long-term commitment to Formula 1: the Qatar Investment Authority (QIA) has signed definitive agreement to acquire a significant minority stake in the future factory team. This partnership reflects shared trust and ambition. QIA’s long-term investment will accelerate infrastructure development and team expansion, strengthening our preparations for Audi’s official F1 entry in 2026. With strong foundations at Hinwil and Neuburg, experienced leadership, and QIA’s support, we are committed to building a competitive team and shaping the future of motorsport together. Another milestone on this exciting journey! #AudiF1 #LongTermCommitment #Partnership #Innovation https://lnkd.in/eqwyKmif

Good synopsis of this deal !!

McLaren gets a new owner with big plans for the future. A potential deal between the Abu Dhabi government-owned investor and the manufacturer was first announced in October 2024, and the ink dried on the agreement on December 8th. However, while the deal has been signed, it will be completed subject to customary closing conditions and obtaining regulatory approvals. Once the deal goes through, CYVN Holdings and McLaren believe the new partnership will “empower McLaren to reach its full potential via access to engineering and design capabilities, leading-edge technology, and experienced leadership to propel McLaren’s trajectory.“ https://buff.ly/41t0BRc

Proudly Emirati Car!! British supercar manufacturer McLaren has been acquired by CYVN Holdings, a subsidiary of Abu Dhabi’s trillion-dollar sovereign wealth fund. The acquisition marks a significant shift for McLaren, which has been striving to develop its first electric supercar and adapt to the evolving automotive landscape. Previously owned by Bahrain’s state-backed Mumtalakat Holding Company, McLaren’s automotive business will now be controlled by CYVN. The agreement comes on the heels of a challenging year for McLaren, which reported record losses of £924 million in 2023, nearly three times the £349 million loss recorded in 2022. As part of the deal, Mumtalakat will retain control of McLaren’s racing division, while CYVN will hold a minority stake in the overall business. The transaction reflects the growing interest of Gulf investors in high-performance automotive brands and McLaren's ambitions to secure a foothold in the electric vehicle market. #amconews #uae #maclaren #maclaren720s #MaclanRacing

🏎️ UAE’s CYVN Holdings to Rev Up McLaren’s Future The iconic British supercar maker McLaren is undergoing a major shift. CYVN Holdings, an Abu Dhabi-based investment firm, is stepping in to acquire McLaren, following the company’s struggles with over £900M in losses. Key Highlights: -CYVN Holdings aims to stabilize McLaren after financial turbulence, which included substantial losses and funding challenges. -The move reflects the UAE's strategic investments in high-value automotive and tech industries. -McLaren’s iconic status in Formula 1 and luxury supercars adds immense brand value, which CYVN plans to leverage for growth. -This acquisition underscores the growing trend of Gulf states investing in Western automotive and tech brands, paving the way for innovative partnerships and sustainable growth. What are your thoughts on this pivotal move in the automotive industry? #AutomotiveInnovation #InvestmentStrategy #McLaren #F1racing #Supercars

Abu Dhabi’s CYVN Holdings has completed the purchase of McLaren Group’s automotive business, and a stake in its racing business. The two parties believe the deal will "empower McLaren to reach its full potential via access to engineering and design capabilities, leading-edge technology, and experienced leadership to propel McLaren’s trajectory.“ The deal, estimated at over $700 million, includes McLaren Automotive Ltd and McLaren Racing divisions, reflecting Abu Dhabi’s strategic focus on high-growth industries and cutting-edge innovation. This transaction also highlights the strong collaboration between Abu Dhabi and Bahrain, with the full support of Sheikh Khaled and His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of the Kingdom of Bahrain. McLaren, renowned for its high-performance vehicles and motorsports achievements, recorded $1.2 billion in revenue in 2023 and has produced over 20,500 cars. The acquisition follows McLaren’s victory in the Formula 1 World Constructors Championship at the Formula 1® Etihad Airways Abu Dhabi Grand Prix 2024. #sportsbiz #linkedinsports #automotivenews #manda #acquisition #F1 Mahmood Abdulla Bahrain Mumtalakat Holding Company ("Mumtalakat")

#British #supercar manufacturer McLaren Group has been acquired by CYVN Holdings, a subsidiary of Abu Dhabi’s trillion-dollar sovereign #wealth fund. The acquisition marks a significant shift for McLaren, which has been striving to develop its first electric supercar and adapt to the evolving automotive landscape. Previously owned by Bahrain’s state-backed #Mumtalakat #Holding Company, McLaren’s automotive business will now be controlled by CYVN. The agreement comes on the heels of a challenging year for McLaren, which reported record losses of £924 million in 2023, nearly three times the £349 million loss recorded in 2022. As part of the deal, Mumtalakat will retain control of McLaren’s #racing division, while CYVN will hold a minority stake in the #overall #business. The transaction reflects the growing interest of Gulf investors in high-performance automotive brands and McLaren's ambitions to secure a foothold in the electric vehicle market. #amconews #uae #maclaren #maclaren720s #MaclanRacing

McLaren Group CEO calls for UK to be a supercar 'centre-of-excellence' for next-generation battery technology 🔋 McLaren Automotive CEO, Michael Leiters has been quoted saying: "A clear industrial strategy, led by investment in the domestic supply-chain, will deliver growth, support jobs, help decarbonise the economy and secure a vibrant future for the UK performance car industry." "The UK was once the world's largest vehicle exporter. Today it remains home to some of the world's most admired performance car brands, as well as the majority of Formula 1 racing teams," says Mr Leiters. I think he offers some brilliant points, and hopefully, his expert words are taken seriously. You can read more about what Mr Leiters had to say here: https://lnkd.in/dZzCnYDB