The Audi unit of the BMW and Volkswagen group is interested in buying the British supercar manufacturer McLaren Automotive Ltd., Car week reported.
BMW is looking at the supercar business, while Audi is also looking at McLaren’s Formula 1 racing unit, Car week said, without specifying where he got the information from. BMW will hold talks with Bahrain’s Mumtalakat sovereign wealth fund, which controls McLaren, early next month, according to the report. Car week is a sister publication of Automotive News.
Spokespeople for BMW and Audi did not immediately respond to requests for comment outside normal business hours.
McLaren was trying to fix his finances following the impact of the pandemic. In July, the Woking, England-based company raised £ 550 million ($ 738 million) from existing investors and the sale of preferred stock and equity warrants to new lenders Ares Management Corp. and the Investment Fund. public of Saudi Arabia. It also raised $ 620 million from a bond issue.
Last month Chief Executive Mike Flewitt resigned from the supercar manufacturer after eight years to the helmet.