McLaren’s heritage vehicles count 54 rare Formula 1 racing cars and F1 supercars, according to its 2021 annual report, which said the company sells cars from its collection from time to time.
“We are in active talks with all shareholders regarding a recapitalization of the group,” McLaren said on the call, indicating the additional funds won’t be enough. It’s also continuing talks for potential partnerships.
McLaren reported a loss of £203 million in the nine months through September, compared with a £69 million loss a year ago. Liquidity at the end of the third quarter declined to £87 million, down from £171 million. The British marque has sought emergency financing multiple times over the past few years from shareholders amid long delays in the launch of the Artura. The latest round of fundraising comes just months after its shareholders — which also include investment firm Ares Management Corporation and Saudi Arabia’s Public Investment Fund — gave £125 million through convertible preference shares.
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