McLaren sold some historic cars to fund Artura development

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McLaren sold some historic cars to fund Artura development
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Cash-strapped McLaren continues to sell the silverware as it seeks to raise funds to remain afloat.

The cash-strapped race team and supercar builder needed the funds to pay for the development of “certain technical upgrades”. The development of these upgrades were the cause of delivery delays for the plug-in hybrid supercar, McLaren said in November during a third-quarter earnings call.

The Artura was first shown in early 2021, though customer deliveries only started mid this year. McLaren hasn't said what upgrades were made to the car. McLaren also hasn't said what heritage cars were sold. The collection includes a diverse array of cars, including 54 Formula 1 race cars and several F1 supercars. McLaren continuously updates the collection and has sold cars from it in the past.The latest sale keeps the cars in the McLaren family as they were sold to Bahrain Mumtalakat Holding, Bahrain's sovereign wealth fund which owns 60% of McLaren.

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