News Details
McLaren takes legal action to secure vital new loan
The McLaren Group has asked a court to allow it to use its factory and heritage collection as collateral for a new loan aimed at stemming "severe and unexpected" financial difficulties. The automotive company, which includes McLaren Racing, has been legally challenged by a group of creditors who contend that the McLaren Technology Center and its heritage collection are already employed as security in a bond offering dating back to 2017, according to a report from the BBC. McLaren's global sales have collapsed since the onslaught of the coronavirus crisis, while McLaren Racing's revenues have also been severely impacted by F1's disrupted season. McLaren Racing considering selling...
Full Story »
Full Story »
You May Also Be Interested In...
McLaren take legal action to try to secure 'urgent'...
McLaren takes legal action to allow it to secure "urgent"...
5y ago from BBC.co.uk
McLaren takes legal action in a bid to secure urgent...
The McLaren Group has launched legal action in an effort to secure urgent...
5y ago from MotorsportWeek.com
McLaren taking legal action to secure ‘urgent'...
McLaren is seeking a High Court declaration that will allow the company...
5y ago from PlanetF1.com
Hamilton won’t face action if he ‘takes a knee’...
Formula 1 world champion Lewis Hamilton will not face action if he...
5y ago from Crash.net
Elsewhere On The Network
Popular On MGPToday.com
BMW admits 2027 MotoGP entry ‘not viable’ as it...
BMW has admitted it is “not viable” for the German manufacturer to...
23h ago from MotorsportWeek.c...
Why the next contract matters more to Fabio Quartararo...
No description available...
1d ago from Motorsport.com
Honda in conundrum over Somkiat Chantra stand-in for...
No description available...
2d ago from Motorsport.com
Marc Marquez shares initial reaction to new MotoGP...
Marc Marquez shared his verdict on the new Balaton Park MotoGP circuit...
5d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Winners and losers from IndyCar’s Portland 2025...
No description available...
19h ago from Motorsport.com
Chip Ganassi: ‘We’re spoiled’ having drivers...
Alex Palou clinched the 2025 NTT IndyCar Series title over the weekend,...
19h ago from MotorsportWeek.c...
IndyCar Portland – Race Results
The final road course event of the 2025 IndyCar season was contested on...
1d ago from MotorsportWeek.c...
Alex Palou clinches title, becomes IndyCar’s newest...
Alex Palou is the champion of the 2025 NTT IndyCar Series, having locked...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
1w ago from MotorsportWeek.c...
Kurt Busch backs WRC return to USA after first taste...
No description available...
1w ago from Motorsport.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
6d ago from Motorsport.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
'He can destroy you' - Arteta's warning for rivals as...
Viktor Gyokeres scored his first goal for Arsenal as the Gunners finished...
54m ago from SkySports.com
Spurs open Eberechi Eze talks as they try to beat...
t;li>Arsenal have been ahead but want to make sales firstSpurs do not...
44m ago from TheGuardian.com
A blast from the past
For the week the Premier League begins again, it's quiet. It's calm....
1h ago from Arseblog.com
Comments
Hottest News
Rising star receives Ferrari promotion for 2026
A rising star in motorsport has been promoted to... Read More »
33m ago from GPFans.com
Max Verstappen debunks long-standing Red Bull F1 theory
Max Verstappen has rubbished the long-standing... Read More »
34m ago from MotorsportWeek.com
Vasseur: Big change for Hamilton, perhaps we underestimate...
Fred Vasseur claimed the change Lewis Hamilton... Read More »
2h ago from GrandPrix247.com
