Is BMW buying McLaren?
BMW is not buying McLaren. Historically, McLaren has faced severe financial pressure, exacerbated by the pandemic’s impact on global economics and sports. In 2020, the team underwent major restructuring that saw layoffs and the sale of its iconic McLaren Technology Center, which was subsequently leased back.The team’s sponsorship department was in disarray, and they were losing millions each race weekend. The truth is that McLaren had turned what is typically a valuable marketing channel for international brands into a financial liability for a company that couldn’t afford it.
Does Elon own a McLaren?
One of Musk’s most thoroughly researched personal vehicles is likely his McLaren F1. Silicon Valley, a CNN television crew arrived on delivery day to photograph Musk and his new motor. In 1999, Elon Musk bought a McLaren F1 after selling his first company, Zip2. I think he was worth about $22 million at the time. The car was the fastest in the world. And it costed $1 million.Elon Musk owned his McLaren F1 until 2007, when he sold it at profit, despite the accident. While Elon loved McLaren F1, as he started Tesla and began innovating the electric supercar segment, he felt that he needed to let go of his collection of cars with combustion engines in order to maintain brand image continuity.Tesla Roadster Well, until 2018, Musk held the first manufacturing variant in his personal collection. Then Musk made the decision to launch this Roadster into space using one of his SpaceX Falcon rockets, immortalising it for all time.In 1999, Elon Musk bought his first supercar, the McLaren F1, after selling Zip2 for $307 million. At just 28 years old, Musk acquired the $1 million car, one of only 106 ever produced, which could hit speeds of 240 mph. It symbolized his early success and passion for innovation.
Who owns a McLaren?
Today, McLaren is primarily owned by the Bahrain Mumtalakat Holding Company and it’s shareholders, however McLaren CEO Michael Leiters runs the day-to-day operations, recently joining the company from rival Ferrari. Led by Bahrain Mumtalakat Holding Company, the shareholders own McLaren. It’s a public company. Who makes McLaren then? A few dozen highly-skilled artisans in a factory in South England are the individuals responsible for these elite luxury supercars.Now the largest shareholder of the McLaren Group is the Bahrain Mumtalakat Holding Company, the sovereign wealth fund for the Kingdom of Bahrain. In other words, McLaren is primarily owned by the royal family of Bahrain, though it remains a public company.Who Owns McLaren Today? Today, McLaren is primarily owned by the Bahrain Mumtalakat Holding Company and it’s shareholders, however McLaren CEO Michael Leiters runs the day-to-day operations, recently joining the company from rival Ferrari.Already McLaren’s largest shareholder, the Bahraini fund Mumtalakat has taken full ownership of the McLaren Group, which oversees the sports-car arm of the company and owns a majority stake in the racing teams of the same name. Bahrain has officially taken over full ownership of McLaren.The main products of the company are sports cars, which are produced in-house in designated production facilities. As of March 2025, McLaren Automotive is wholly owned by CYVN Holdings LLC, owned by the government of Abu Dhabi.
What is the cheapest McLaren?
If you want to add an inexpensive McLaren to your collection, the 2022 McLaren 570S starts at $195,000 MSRP, offering one of the cheapest McLaren prices. Backed by a 3. L twin-turbo V8, the 570S boasts 562 horsepower with responsive steering for an exhilarating driving experience. With a starting price of $204,990, the 2023 McLaren GT is the newest and most affordable McLaren model available.The cheapest current Ferrari is the Roma, and although it might come with a starting price well north of $200K, used models from its debut 2021 model year have fallen under the $190,000 mark.In 2018, Chassis 4153 GT, a 1963 Ferrari 250 GTO, was sold in a private transaction for a staggering $70 million, setting the record for the most expensive classic car ever sold.