THIS is official, McLaren Group has announced that it has a new owner. The Bahrain Mumtalakat Holding Company, the government investment arm of the country, now has full control over the sports car manufacturer.

Previously, Mumtalakat held a 60% stake, which has now been increased to 100%.

Paul Walsh, Chairman of McLaren Group, stated that this change “will help us to be more focused on achieving our long-term business plans.” This includes investments in new products and technologies.

McLaren Automotive is also likely to have the necessary financial support for the development of new models, including electric vehicles.

The supercar manufacturer has faced financial challenges in recent years, and in 2022, it sold some of its historic vehicles to make way for the delayed Artura.

A year earlier, McLaren also sold its headquarters and Formula One factory. The company appointed a new CEO in 2022 and launched the 750S in 2023.

There are rumors indicating that McLaren will unveil their hypercar towards the end of this year. Reportedly, it has been “refined” and is said to feature a V8 plug-in hybrid engine with over 1,000hp.

It is reported that the hypercar will not feature McLaren’s signature dihedral doors but instead will have gullwing doors, in addition to a new carbon fiber chassis and 3D-printed suspension components.