McLaren shareholders have rejected bids, not looking to sell


WOKING, England (Reuters) - Shareholders in McLaren's Formula One team and luxury sports car sister company are committed to both businesses and have turned down bids from prospective buyers, the CEO of the brand's automotive firm told Reuters on Friday.

Ron Dennis, who headed the McLaren Technology Group (MTG) that runs the Grand Prix racing team, was forced out this week after what Sky News said was a dispute over a Chinese takeover bid that Dennis backed and other investors opposed.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Others Also Read