Audi denies McLaren’s purchase report

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BERLIN – Early Monday morning, Audi he denied reports that the company was closing a purchase deal McLaren, reading a previous statement which stated that the company continually examines different ideas for cooperation and stated that the rhombus of a completed purchase was “totally inaccurate”.

“As part of our strategic considerations, we are constantly looking for various cooperation ideas,” said an Audi spokesperson in response to a first car relationship which indicated an agreement for the purchase of the supercar the manufacturer was hard at work helping the company secure a formula 1 squad. The report cited a source who claimed that Audi had taken over the British sports car maker.

“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,” said Audi.

McLaren then joined Audi in denying the story, using a statement that read, “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, “said the spokesman.

Audi told Reuters it was “looking into various cooperation ideas,” but neither confirmed nor denied whether it was in discussion with McLaren about a possible sale.

McLaren CEO Mike Flewitt announced in October that he would step down after eight years at the helm of the financially troubled company, which is now looking for a successor.

This article contains the reports from Reuters.

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