McLaren Group

McLaren Group Limited (/məˈklærən/ mə-KLARR-ən) is a British holding company based in Woking, England, which is involved in Formula One and other motorsport and the manufacture of sports cars.

[7] Teddy Mayer took over direction of the group following McLaren's death while testing a Can-am series car in 1970.

[8] In late May 2020, McLaren Group announced the layoff of 25% of its workforce as part of a company restructure due to the COVID-19 pandemic.

[9] The group announced in December 2020 that American investment firm MSP Sports Capital had purchased 15% of McLaren Racing, as part of a deal that would see them grow their stake to 33% by the end of 2022.

[4] In April 2021, Global Net Lease announced that it had agreed to acquire the McLaren Technology Centre in Woking for £170 million.

[15] In 1966, McLaren suffered with reliability with their Ford 4.2-litre engine, and only scored one point after changing to a Serenissima V8.

By the end of the season Denny Hulme had won two further Grands Prix—in Italy and Canada (the team's first 1-2 finish in a World Championship race).

Emerson Fittipaldi won the F1 world championship in 1974, and McLaren also took their first constructor's title at the same time.

In 2000, after supplying engines to the team through its Mercedes subsidiary for five years, Daimler AG exercised an option to buy 40% of the TAG McLaren Group.

[22] However, it was announced in January 2007 that the Mumtalakat Holding Company had purchased 15% each from both Dennis and Ojjeh.

[26] Dennis had stepped down as CEO of McLaren in 2009, handing over the reins to Martin Whitmarsh, but returned to his post in 2014 under the condition that he would seek investment to take a controlling interest in the company.

[27] His attempts to do so ultimately failed, and in November 2016 he lost a court case against his fellow shareholders that saw him suspended from his position as chairman.

[30] In May 2018, it was announced that Canadian businessman Michael Latifi had purchased approximately 10% of the group with an investment of £200 million.