Audi buys McLaren Group the report says

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TO UPDATE: McLaren Racing made the following statement.

The McLaren Group is aware of a media report that claims it was sold to Audi. This is completely inaccurate and McLaren is trying to remove the story.

McLaren’s technology strategy has always involved ongoing discussions and collaborations with relevant partners and suppliers, including other automobile manufacturers, however, there has been no change in the ownership structure of the McLaren Group.

Autocar reports that Audi has bought the McLaren in an agreement that gives the German manufacturer complete control of the entire group and ensures his entry into Formula 1.

The anonymous source says that executive chairman, Paul Walsh, was presented with an offer by Audi and brought it to the board of directors, which is majority-controlled by Mumtalakat Holding Company, the sovereign wealth fund of Bahrain. The council is said to have turned down the first offer, insisted that Audi should double it, and then a deal followed to strike a deal.

We know McLaren has been under financial pressure recently, so this could secure the future of the Woking-based brand.

This doesn’t just give Audi Another supercar brand to check out, but it also opens up the possibility of Audi engines powering McLaren.

An Audi spokesperson had no official comments to add at this stage and McLaren has yet to respond to Autocar’s request for comment.

From a Formula 1 perspective, this is now direct access to top-tier racing for the Volkswagen Group which has openly considered a commitment to the pinnacle of motorsport.

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