McLaren Sold $123M Worth Of Its Prized Car Collection To Fund Artura Development | Carscoops

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McLaren Sold $123M Worth Of Its Prized Car Collection To Fund Artura Development | Carscoops
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The company sold the cars to its largest shareholder, the Bahraini sovereign wealth fund

In addition to the launch of the Artura being postponed because of the COVID-19 pandemic, U.S. deliveries were pushed back in May 2021 because of issues with its software supplier and then, again, in December 2021, due to the limited supply of semiconductor chips.

Although McLaren did not divulge which vehicles it sold from its heritage collection, in its 2021 annual report, the company disclosed that it had 54and supercars in its coffers. It is not uncommon for the automaker to sell vehicles from the collection from time to time. Unfortunately, the company is still looking for money as, on its Q3 earnings call, it said that it was in “active talks with all shareholders regarding a recapitalization of the group.” Indeed, McLaren reported a £203 million loss in the first nine months of 2022.supercar combines a 3.0-liter V6 engine with a motor contained entirely in the transmission. Together, they make 671 hp in a car that weighs 3,300 lbs . Prices for the car start at $225,000.

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