McLaren offers classic cars to secure virus help

By Craig Ranson
By Craig Ranson

Managing Director – Bridge Classic Cars

McLaren is considering raising money by mortgaging its historic car collection and factory to see it through the coronavirus crisis.

The Formula One team owner and supercar maker has seen sales and F1 advertising revenues hit as countries globally went into lockdown.

Cars on show at McLaren’s Surrey HQ include F1 winners from the 1980s and ’90s and Le Mans competitors.

McLaren would not disclose details, but said it was exploring funding options.

Read the full story on BBC online

McLaren to raise capital by mortgaging its historic car collection and factory to see it through the coronavirus crisis.https://www.bbc.co.uk/news/business-52659194

Posted by Bridge Classic Cars on Thursday, 14 May 2020
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