The financial struggles that befell McLaren as it tried to launch its Artura supercar in spite of numerous issues forced the company to start selling its own car collection, Bloomberg reports.
It is specified that the buyer was the largest investor in the company, Bahrain-based Mumtalakat Holding. The transactions are mentioned in the latest financial report. It is not specified which cars were handed over, but it is official that Mumtalakat Holding invested another £100,000,000 (U.S. $122,000,000) into McLaren after the deal was concluded.
The carmaker desperately needed the money after a troubled launch of its Artura supercar. The production and sale start were postponed on multiple occasions due to Covid-19 restrictions, microchip shortages and persistent software issues.
Judging by the report, though, the company is still struggling to stay afloat. It has lost £203,000,000 (nearly $250,000,000) over the first nine months of the year and is now discussing a recapitalization with the investors.
The McLaren Artura (featured in the multimedia section here) premiered in February 2021 as the British marque’s first hybrid supercar on record. Its 3.0-liter V6 receives assistance from an electric motor for a combined output of 680 PS (671 hp / 500 kW). Sprinting from zero to 100 km/h (62 mph) takes three seconds. Prices in the USA start from $225,000.