McLaren is looking for a buddy. In an effort to reach profitability, which the British marque hasn’t achieved in a few years, McLaren is shifting its focus toward value instead of volume. Also part of the strategy is potentially creating a new “lifestyle-oriented” product in the form of a four-seater sports car or SUV. But it’ll need some help.
In an interview with Automotive News, McLaren CEO Michael Leiters laid out the groundwork for increasing revenue. Leiters, who joined McLaren in 2022, explained that a significant obstacle—the company’s complicated equity structure—is now out of the way. Mumtalakat, a Bahraini sovereign wealth fund, took 100% control of McLaren in March.
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