James Tait’s Post

🚗✨ McLaren Automotive is set for a significant change in ownership. Abu Dhabi-based CYVN Holdings has entered a non-binding agreement to acquire 100% of McLaren’s automotive business from Bahrain’s Mumtalakat Holding Company. This move aims to infuse McLaren with additional capital and advanced engineering expertise, particularly in electric vehicle technology. The deal also includes CYVN taking a non-controlling stake in McLaren Group, aligning with Mumtalakat’s strategy to optimise its portfolio for sustainable returns. https://hubs.la/Q02YjYfh0 #McLaren #CYVNHoldings #AutomotiveIndustry #ElectricVehicles

Porsche SE recently announced they would be taking an impairment charge of between €7-20 billion on its holding in Volkswagen AG and €1-2 billion on its stake in Porsche AG. Here are a few insights behind that situation and recently announced sale of McLaren Automotive to Abu Dhabi's CYVN: https://lnkd.in/guMAPjUF McLaren Automotive Ltd McLaren Group CYVN Holdings Porsche AG Porsche Cars North America

Renault Group has decided to stop producing F1 engines internally after the next season due to financial reasons, but its Alpine team remains "not for sale," as stated by CEO Luca de Meo. ⬇ 🏎️ In an interview with L'EQUIPE, De Meo confirmed that from 2026, Alpine will likely switch to engines supplied by Mercedes. This marks the end of nearly 50 years of Renault-powered F1 success, which includes 12 constructors' titles with teams like Williams, Benetton, and Red Bull. 💰 De Meo highlighted the cost-saving benefits of this decision: Renault spends €200-250M annually on engine production, whereas purchasing engines will cost less than €20M. He also noted logistical challenges, with Renault’s engine and chassis operations in different countries. 👨💼 The involvement of former Renault team boss Flavio Briatore was clarified—his role is to revitalize the F1 project, not sell the team. Despite interest from potential buyers, De Meo emphasized that Alpine's presence in F1 is crucial for brand credibility, especially among automotive enthusiasts. 🎥 With investors like Hollywood actor Ryan Reynolds, De Meo admitted that Alpine's recent poor performance has made it "invisible," and warned that continued underperformance could deflate the project entirely. However, he expressed confidence in Alpine’s new team principal, Oliver Oakes. 💬 Renault’s decision to outsource engine production is a pragmatic move. While financial sustainability is key, maintaining Alpine's relevance in F1 will be the ultimate test of its long-term strategy! #automotive #f1

McLaren Group may need additional sources of liquidity after a grueling recapitalization, given its modest 1Q levels and our expectations. The company's iconic products, which we think may yield £245,000 peer vehicle in 2024, are known for light composite materials and engineering that enable it to achieve pricing power even when compared with rivals like Porsche AG and Ferrari. Yet, the British automaker desperately needs a lower-risk balance sheet, operational execution and the financial flexibility to generate new products, including an SUV, to compete effectively. https://lnkd.in/eW5xqgyQ

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

The article discusses the career and accomplishments of engineer Carlo Chiti, who played a significant role in the design of Alfa Romeo and Ferrari Formula 1 cars, as well as his contribution to making Monaco a car manufacturer. More information here: https://lnkd.in/d5shQjFb

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

McLaren Automotive GroupQ3 (YTD) 2024 Results ● Delivering on our core fundamentals – performance continues on track, withpositive momentum from our refreshed product line-up ● Exciting launch of our new flagship model, the ground-breaking McLaren Group W1 ● Strong volumes growth year-on-year – up 80% in Q3 and 55% YTD, driven bydemand for the 750 Sand the new Artura Spider and Coupe ● YTD Revenue up 80% to £618m (YTD 2023: £343m) and EBITDA up £129m to£(19)m (YTD 2023: £(148)m) from increased volumes, a broader model mix andimproving margins ● Stable production delivery, enabling a full year wholesale volume forecast of circa.3,200 vehicles ● Liquidity of £185m at September 2024, supporting ongoing investment into futureproduct lineup ● McLaren Group’s shareholder, Mumtalakat, announced in October that a nonbinding

NEVER TAKE ADVANTAGE OF YOUR KEY PLAYERS OR PARTNERS , GROOM / INVEST IN THEM. Mercedes Benz offered Lewis $100 million for two years & he turned it down. Mercedes Benz, REFUSED to offer Sir Lewis Hamilton an ambassadorial role. BIG MISTAKE! Ferrari didn’t offer him $100 million, but invested $446 million into Sir Lewis Hamilton & his foundations, such as the Mission44 initiative & CRUCIALLY offered him ambassadorial role. Upon Sir Lewis Hamilton's signing, the Ferrari stock increased by 10% which added $10 billion to Ferrari’s market cap. For Mercedes we can all assume situation. WHAT A STEAL! GR8 investment by Ferrari ~ 💜 #7eamSirLH44 🇬🇧 #ForzaFerrari 🇮🇹

How the Mercedes-Benz SLR McLaren Redefined the Supercar. More than two decades ago, two of the biggest names in sports cars joined forced to create the world’s fastest, wildest-looking gran turismo. Read More: https://lnkd.in/gQh4h3ah #LuxuryConnect #LuxuryCruxx