McLaren Automotive Ltd. is poised to expand its portfolio, venturing beyond its renowned supercars to include high-end sport utility vehicles and sedans. This strategic shift is part of a broader turnaround plan orchestrated by the company’s new owner, CYVN Holdings LLC of Abu Dhabi, who took control in December.
CYVN Holdings intends to merge McLaren with Forseven Holdings, its UK-based electric-vehicle startup, according to sources familiar with the matter. These sources, who requested anonymity due to the confidential nature of the plans, indicate that the state-owned investment firm hopes to leverage McLaren’s distinguished brand to introduce a new range of vehicles.
Despite this move toward diversification, McLaren will remain committed to its core business of producing supercars.
