RE: McLaren seeks extra funding to mitigate losses

RE: McLaren seeks extra funding to mitigate losses

Author
Discussion

Lee Jones Jnr

508 posts

125 months

Friday 15th May
quotequote all
It'll be a real shame if McLaren vanish but life will go on.
I think they will continue one way or another but who knows?

650spider

1,018 posts

126 months

Friday 15th May
quotequote all
kilarney said:
Your worried arent you. The brand isnt viewed as sexy by me. Look like upmarket Lotus. The formula is in place to give the result , failure. Shame but plain to see.
No...honestly...i am not worried. Its just a car i have sat on the driveway.

Strange comment for you to make but fair enough.

It would be nice to see a U.K based supercar manufacturer that has around 4000 employees not fail.

In general McLaren is seen as 'sexy' to investors, business partners and car buyers due to its F1 / motorsport connection just like Ferrari, Porsche etc....again fair play to you and how you see it.

Viewing McLaren as an upmarket Lotus is not an insult in my opinion.

smilo996

1,546 posts

125 months

Friday 15th May
quotequote all
So the two businesses are not run and financed independently then.
Poor timing, as they have just invested in and opened that new factory for making carbon.
No doubt some of this will leak through to Ricardo, their drivetrain supplier as well.
Testing times.

650spider

1,018 posts

126 months

Friday 15th May
quotequote all
SidewaysSi said:
Do they really have their back to the wall to be going cap in hand to the government?

Quite embarrassing if so.
I would probably think not...stretched...yes....just like most businesses currently.

Every car dealer i know right now has taken their £10k free cash grant and also the £50k bounceback loan whether they needed it or not as the government has made it all available...

If McLaren could of 'borrowed' £150mill without too much hassle of course they would of taken it.

SidewaysSi

7,357 posts

189 months

Friday 15th May
quotequote all
650spider said:
SidewaysSi said:
Do they really have their back to the wall to be going cap in hand to the government?

Quite embarrassing if so.
I would probably think not...stretched...yes....just like most businesses currently.

Every car dealer i know right now has taken their £10k free cash grant and also the £50k bounceback loan whether they needed it or not as the government has made it all available...

If McLaren could of 'borrowed' £150mill without too much hassle of course they would of taken it.
I know everyone wants a freebie but why just take it? Plenty of businesses and people are really desperate so a firm like McLaren should allow others to benefit and not be seen to just profit from the situation.

Unless of course the really are properly fked...

Edited by SidewaysSi on Friday 15th May 19:00

Wills2

17,101 posts

130 months

Friday 15th May
quotequote all
I seriously don't get the hate for Mclaren on these pages it's weird especially with their race car F1 roots, I think the cars look great (that's where my experience stops) but I think I'd love a 720s.

Everyone loves the Macca F1 though, yet hates the business that created it? Odd.






650spider

1,018 posts

126 months

Friday 15th May
quotequote all
Wills2 said:
I seriously don't get the hate for Mclaren on these pages it's weird especially with their race car F1 roots, I think the cars look great (that's where my experience stops) but I think I'd love a 720s.

Everyone loves the Macca F1 though, yet hates the business that created it? Odd.





To be fair, neither do i.

Until about 15months ago didn't think much about McLaren...i knew i really didn't like the looks of the 720 on launch....but it never crossed my mind to post hate about it or McLaren.

Lots of things i don't like about Ferrari, Porsche and Lambo from ownership experience, but again, not even crossed my mind to post my tuppence worth thoughts on the relative forums or on like this, a pistonheads feature.

The amount of posters that make statements about how crap they are to drive etc that havn't even sat in one never mind own one is amazing.

There is even a bosker on here that pretends he owned one just to try and justify making posts about the above.

Its very strange and i don't get it.

Everybody has to have a hobby i guess.



Esceptico

2,760 posts

64 months

Friday 15th May
quotequote all
650spider said:
Wills2 said:
I seriously don't get the hate for Mclaren on these pages it's weird especially with their race car F1 roots, I think the cars look great (that's where my experience stops) but I think I'd love a 720s.

Everyone loves the Macca F1 though, yet hates the business that created it? Odd.





To be fair, neither do i.

Until about 15months ago didn't think much about McLaren...i knew i really didn't like the looks of the 720 on launch....but it never crossed my mind to post hate about it or McLaren.

Lots of things i don't like about Ferrari, Porsche and Lambo from ownership experience, but again, not even crossed my mind to post my tuppence worth thoughts on the relative forums or on like this, a pistonheads feature.

The amount of posters that make statements about how crap they are to drive etc that havn't even sat in one never mind own one is amazing.

There is even a bosker on here that pretends he owned one just to try and justify making posts about the above.

Its very strange and i don't get it.

Everybody has to have a hobby i guess.
I think it is something odd about the British. I couldn’t image Italians on the Italian equivalent of PH sticking the boot into Ferrari like some on here do to McLaren. I suspect it would go down as well as dissing the pope. Similar for Porsche in Germany or I suspect Japanese brands in Japan.

Plain weird.

I can see that there may be some problems with McLaren but to build a rival to Ferrari and the others in just a decade is impressive and even if the owners and management are suspect the employees are mostly British and surely we should support them.

Argleton

3,695 posts

53 months

Friday 15th May
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Genuine question; why can't they get more cash from their Bahrain investors?

charltjr

3,746 posts

150 months

Friday 15th May
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Have you seen the price of crude oil lately?

JxJ Jr.

480 posts

25 months

Friday 15th May
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Argleton said:
Genuine question; why can't they get more cash from their Bahrain investors?
That's Bahrain's sovereign wealth fund, it could be

They'd rather wait and see if anyone else will stump up
They don't have enough cash available
They don't want to invest further
They've been directed to divert investments to domestic companies - bear in mind Bahrain has cut public spending by 30% and the collapse in oil prices and the stopping of international travel has screwed the middle east.

Whatsmyname

399 posts

32 months

Friday 15th May
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I bet if they sold all their antiques they’d be quids in. They’re just cars at the end of the day.

FN2TypeR

7,076 posts

48 months

Friday 15th May
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NGK210 said:
Oh please, as PR stunts to evoke sympathy go, this is lame. This isn’t a cottage industry race team run by cheery chaps in brown coats and flatcaps who might have to sell their medals to survive.
It’s McLaren Group, founded by Ron The B*st*rd, fuelled by arrogance and contempt for all, especially customers, which in effect is 56%-owned by the smiling, caring human rights-abusing, cash-rich Kingdom of Bahrain.
Even our rapacious and criminally inept current government hasn’t fallen for this sob story.


Edited by NGK210 on Friday 15th May 17:15
rofl this genuinely made me laugh out loud

OddCat

1,734 posts

126 months

Friday 15th May
quotequote all
Lots of noise about the (seemingly significant) problems people have with McLarens. To me, it's really odd. I saw a TV programme years ago when they first started where Ron Dennis was upset that someone had changed a floor tile in thd factory reception and it was a slightly different colour to the others. Blimey, I thought, if he's that obsessed about something so minor the cars are are going to be absolutely perfect. Like Swiss watches. That's how they'll take on the supercar market. That obsession with perfection, and attention to detail, will be their USP. They will be bullet proof. Their dealers will make Lexus dealers look like a bunch of clowns. Their service will set whole new standards. But, sadly, it didn't happen....

Argleton

3,695 posts

53 months

Friday 15th May
quotequote all
JxJ Jr. said:
Argleton said:
Genuine question; why can't they get more cash from their Bahrain investors?
That's Bahrain's sovereign wealth fund, it could be

They'd rather wait and see if anyone else will stump up
They don't have enough cash available
They don't want to invest further
They've been directed to divert investments to domestic companies - bear in mind Bahrain has cut public spending by 30% and the collapse in oil prices and the stopping of international travel has screwed the middle east.
Right, so if they're struggling or 'don't want to' where does that leave other investors?

adamcot

83 posts

113 months

Friday 15th May
quotequote all
smilo996 said:
So the two businesses are not run and financed independently then.
Poor timing, as they have just invested in and opened that new factory for making carbon.
No doubt some of this will leak through to Ricardo, their drivetrain supplier as well.
Testing times.
Not just Ricardo. Lots of suppliers dedicated to ‘small series’ automotive in the UK will suffer.

Argleton

3,695 posts

53 months

Friday 15th May
quotequote all
OddCat said:
Lots of noise about the (seemingly significant) problems people have with McLarens. To me, it's really odd. I saw a TV programme years ago when they first started where Ron Dennis was upset that someone had changed a floor tile in thd factory reception and it was a slightly different colour to the others. Blimey, I thought, if he's that obsessed about something so minor the cars are are going to be absolutely perfect. Like Swiss watches. That's how they'll take on the supercar market. That obsession with perfection, and attention to detail, will be their USP. They will be bullet proof. Their dealers will make Lexus dealers look like a bunch of clowns. Their service will set whole new standards. But, sadly, it didn't happen....
Yeah, but that's like when Fred Goodwin head of RBS supposedly demanded certain biscuits for the board room. Doesnt necessarily translate within the actual business.

Matty3

650 posts

39 months

Friday 15th May
quotequote all
Wierd UK attitude to British success that they should not be too successful?

SidewaysSi

7,357 posts

189 months

Friday 15th May
quotequote all
Matty3 said:
Wierd UK attitude to British success that they should not be too successful?
They aren't that successful if they are already after a bailout...

JxJ Jr.

480 posts

25 months

Friday 15th May
quotequote all
OddCat said:
Ron Dennis was upset that someone had changed a floor tile in thd factory reception and it was a slightly different colour to the others...That obsession with perfection, and attention to detail, will be their USP...
If the organisation was obsessed with perfection and attention to detail it wouldn't have happened in the first place or if it did it would have already have been identified and resolved. It was a myth like the myth that pilots, divers and racing drivers use Swiss watches to perform their jobs.