McLaren sells heritage cars to raise cash for new supercar
Business Standard|December 03, 2022
Cash-strapped McLaren Holdings has recently sold some of its prized heritage car collection to Bahrain's sovereign wealth fund Mumtalakat Holding to raise capital.
SIDDHARTH PHILIP & IRENE PÉREZ
McLaren sells heritage cars to raise cash for new supercar

The super-car maker was forced to seek an injection of funds after identifying "certain technical upgrades" on its Artura hybrid supercar that triggered delivery delays, McLaren said earlier this week during its third-quarter earnings.

Its main shareholder - with Mumtalakat owning a near 60 per cent stake-agreed to support the company with an additional £100 million ($123 million), the company said.

This story is from the December 03, 2022 edition of Business Standard.

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This story is from the December 03, 2022 edition of Business Standard.

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