McLaren Ponders Selling Technology Center To Pay Bills After COVID

Churning out endless high-powered, well-engineered supercars for two decades hasn’t been enough to secure McLaren from hardship amid the COVID-19 pandemic. As part of a new restructuring plan, McLaren plans to sell its iconic McLaren Technology Centre headquarters in the U.K.
Read Article

PUGPROUD - 9/10/2020 1:21:26 PM

0 Boost

Not sounding good. The end may be near.

supermoto - 9/10/2020 1:44:10 PM

0 Boost

Seems pretty smart to do a sale leaseback of the building. It frees up equity for better uses.

atc98092 - 9/10/2020 2:25:18 PM

+2 Boost

Could just be part of their Brexit plan, too.

CANADIANCOMMENTS - 9/10/2020 2:26:13 PM

+2 Boost

Very common practice in the corporate world. It may help them quite a bit at this time.

mre30 - 9/10/2020 3:07:11 PM

+1 Boost

I have never quite understood McLaren. Generic supercar styling, fragile, depreciates like a rock (maybe worse than Aston), superior engineering but at the end of the day...'why?'

MDarringer - 9/10/2020 8:38:24 PM

+1 Boost

Focusing solely on supercars was a business flaw. They should have done a F/R V8 coupe for under $100K as a volume leader.