McLaren take-over is no go for Audi’s intended F1 entry
Earlier this week, numerous media reported on a rumor regarding the purchase of British supercar maker and Formula 1 team McLaren by German carmaker Audi. McLaren denied the report, but leaves the door open for technology collaboration. Audi, for its part, is said to be particularly interested in F1, taking advantage of the sport’s new zero-carbon commitment.
“McLaren Group is aware of a news media report stating it has been sold to Audi. This is wholly inaccurate and McLaren is seeking to have the story removed,” writes British automotive group, McLaren Automotive, in a recent press release.
Originating from British magazine Autocar, the information said that Audi was interested in purchasing McLaren. That would mean adding another supercar to the group’s portfolio, as the German group Volkswagen AG., parent of Audi, already owns Lamborghini.
Furthermore, McLaren isn’t in the best of shapes. The pandemic had drastic consequences, and while the carmaker partially recovered from the revenue slump in the first half of 2021, it still suffered a 12,4 million pounds (€14,5 million) operating loss. This past year, McLaren even sold its famous headquarters building in Woking to then lease it back to get some cash flow.
‘Open to collaboration’
McLaren Automotive was quick to respond. In a press release, it announced that the rumors weren’t accurate. “McLaren’s technology strategy has always involved ongoing discussions and collaborations, however, there has been no change in the ownership structure of the McLaren Group,” details the carmaker.
For its part, Audi told Reuters it was “looking at various cooperation ideas”, without confirming nor denying if this collaboration will be done with the British supercar maker. On Sunday, German media Automobilwoche reported that Audi was interested in Formula 1.
The German luxury carmaker is said to want to take advantage of the sport’s future zero-carbon plans to promote its electric cars. On that note, F1 isn’t going all-electric, but the FIA has announced the introduction of sustainable synthetic fuel and has committed to becoming carbon neutral from 2021 and net-zero by 2030.