McLaren Group denies Audi takeover rumours

McLaren Group has confirmed there is no change in their ownership structure.

UPDATE: McLaren has denied the rumours regarding their takeover by Audi.

The company has released an official statement regarding the same:

"McLaren Group is aware of a news media report stating it has been sold to Audi. This is wholly inaccurate and McLaren is seeking to have the story removed.

McLaren’s technology strategy has always involved ongoing discussions and collaboration with relevant partners and suppliers, including other carmakers, however, there has been no change in the ownership structure of the McLaren Group."

Below is the article as originally posted:

Audi is said to have purchased the British supercar brand, McLaren. According to a media report, the deal gives Audi complete control over the whole group, including McLaren's F1 division and McLaren Applied - specialising in electrification systems for road and track.

The change of ownership helps secure the future of McLaren which has been under heavy financial pressures. The takeover also gives Volkswagen Group (which owns Audi) a direct entry into Formula 1. The Volkswagen Group has previously held discussions regarding its possible entry into the sport in 2025. The purchase also opens up opportunities for Audi to supply powertrains to the McLaren F1 team - currently using Mercedes-AMG engines.

With the takeover, Audi now owns two supercar brands - Lamborghini and McLaren.

Source: Autocar UK