McLaren Group

British automotive holding company / From Wikipedia, the free encyclopedia

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McLaren Group Limited is a British holding company based in Woking, England, which is involved in Formula One and other motorsport and the manufacture of sports cars.[3]

Quick facts: Type, Industry, Founded, Headquarters, Key pe...
McLaren Group Limited
Founded2 December 1985; 38 years ago (1985-12-02) [1]
HeadquartersMcLaren Technology Centre, ,
England, UK
Key people
Paul Walsh (Executive Chairman)
ProductsSports cars
RevenueIncrease £627.8 million[2] (2022)
Decrease£131.3 million[2] (2022)
Decrease£334.7 million[2] (2022)
OwnerMumtalakat Holding Company (56.4%)
Number of employees
Decrease 2,475[2] (2022)

The group was founded by Ron Dennis shortly after his acquisition of the McLaren Formula One team in 1981, as the TAG McLaren Group due to a partnership with Mansour Ojjeh's TAG Group. The Formula One team had been established by New Zealander Bruce McLaren in 1963.

McLaren Group was renamed McLaren Technology Group in 2015. In June 2017 it was announced that Dennis had sold his 25% shareholding in the company to the other shareholders, in addition to his shares in McLaren Automotive. The group then merged with McLaren Automotive to form a new company using the previous McLaren Group name.[4]

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