notes that the new funds are being earmarked for McLaren Automotive and will not be used by the carmaker’s Racing subsidiary which is now a standalone entity within the group.is still looking to recover from the handful of delays that slowed the introduction of the hybrid Artura. Last year, McLaren revealed that it was delaying deliveries of the Artura to make “technical upgrades to ensure Artura customers enjoy optimum long-term performance.
McLaren has raised hundreds of millions of dollars worth of investments since the start of the coronavirus pandemic. In late December, McLaren revealed that it had to sell part of its heritage car collection to Bahrain’s sovereign wealth fund, Mumtalakat Holding Co, in exchange for a £100 million cash injection.