The McLaren Group denied a report that Audi had acquired the British company, although it did not dispel speculation that further cooperation with other automakers might be underway.
The group company that owns both the supercar maker and the second-oldest active Formula 1 team, issued a statement on Monday saying there have been no changes to its ownership structure.
Autocar previously reported that Audi had acquired McLaren to secure its entry into Formula 1 racing, a day after Automobilwoche said both Audi and BMW AG were interested in the company.
While McLaren called Autocar’s report “totally inaccurate”, He referred to the idea that he is talking to companies about possible partnerships.
“McLaren’s technology strategy has always involved ongoing discussions and collaboration with relevant partners and suppliers, including other automakers.”Said the company.
McLaren has struggled financially since the pandemic disrupted its production and Formula 1 racing circuit. Over the past year, the company sold and leased its headquarters in Woking, near London; sold a stake in its racing unit to a US-based investor consortium; and raised funds from new and existing investors, including sovereign wealth funds from Bahrain and Saudi Arabia.
The company announced late last month that McLaren Automotive CEO Mike Flewitt had stepped down after eight years.
The Audi division of Volkswagen AG said in a statement Sunday that “routinely consider various ideas for cooperation”, And representatives declined to comment further on Monday. BMW denied being interested in buying McLaren Automotive.
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