BERLIN – BMW has denied a report of interest in buying McLaren Automotive, while Volkswagen Group Audi has said it is open to cooperation opportunities, without specifically commenting on the British sports car maker.
BMW is rumored to be interested in McLaren’s supercar business, while Audi is looking into its Formula 1 racing unit, Car week he reported on Sunday, without specifying where he got the information from. Automobilwoche is a sister publication of Automotive News.
A BMW spokesman said the Car week the article is “wrong”.
Audi told Reuters that it regularly considers various cooperation opportunities, but has not commented on the specific case of McLaren.
McLaren was working to support its 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.