Business
McLaren Is Selling Its Iconic HQs, Expects Offers Upwards of $250 Million – autoevolution
As the saying goes, “when push comes to shove.” It’s that time for luxury automaker McLaren, which is now looking into the possibility of selling its iconic headquarters in Woking, Surrey, UK.
The first signs that McLaren was in financial trouble came in May this year, when the harsher effects of the ongoing health crisis became apparent: after suspended operations, extended lockdown and constant decrease in sales, McLaren turned to the British government for help. A request for a loan was denied, on the grounds that the marque had yet to exhaust all financing options, so the decision was made that the Woking HQs would be mortgaged to obtain a loan. That initial decision has evolved: …
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