This is what McLaren did to fund its project Artura

McLaren Artura is one of the most anticipated products from the British supercar brand, which has been delayed several times. A Bloomberg report claims that the extent of the problem for the automaker involving Artura was such that it was forced to sell some exclusive vehicles from its heritage collection in a bid to pay to fix technical issues that were delaying deliveries. The report claims that the car brand communicated the sales of the car collection during its third quarter earning call. The move came from McLaren at a time when the automaker reported a $249 million loss in the first nine months of 2022.

By: HT Auto Desk
| Updated on: 03 Dec 2022, 17:33 PM
Follow us on:
Follow us on:
McLaren Artura gets an electrified powertrain combining a 3.0-litre V6 engine with an electric motor.
McLaren Artura gets an electrified powertrain combining a 3.0-litre V6 engine with an electric motor.
McLaren Artura gets an electrified powertrain combining a 3.0-litre V6 engine with an electric motor.
McLaren Artura gets an electrified powertrain combining a 3.0-litre V6 engine with an electric motor.

Also Read : This Mercedes-Benz can be campers' first love

McLaren didn't disclose what models it had to sell to fuel the Artura project. But, it disclosed in the 2021 annual report that the company had 54 Formula One race cars and supercars in its inventory. Interestingly, it is a common practice for automakers to sell vehicles from their collection from time to time.

The report claims that the buyer of the vehicles was Bahrain's sovereign wealth fund Mumtalakat Holding Co, which holds the largest share in McLaren. The company owns nearly 60 per cent share of the car brand. It reportedly purchased the exotic cars for around $123 million. The automaker said that it sought the money after identifying some technical upgrades that were required for the Artura, which triggered delivery delays.

Similar Cars

Find more Cars
Mclaren Gt (HT Auto photo)
3994 cc | Petrol | Automatic (Dual Clutch)
₹3.72 Cr**Ex-showroom price
Add to compare
Check latest offers
Mclaren 720s (HT Auto photo)
3994 cc | Petrol | Automatic (Dual Clutch)
₹4.65 - 5.04 Cr**Ex-showroom price
Add to compare
Check latest offers
Ferrari Purosanguesuv (HT Auto photo)
UPCOMING
 
₹3 - 3.35 Crore* *Expected Price
View Details
Lamborghini Urus (HT Auto photo)
3996 cc | Petrol | Automatic (Dual Clutch)
₹3.1 Cr**Ex-showroom price
Add to compare
Check latest offers
Lamborghini Urus Facelift (HT Auto photo)
UPCOMING
3996 cc | Petrol Manual
₹3.15 - 3.43 Cr* *Expected Price
View Details
Lamborghini Huracan Evo (HT Auto photo)
5204 cc | Petrol | Automatic (Dual Clutch)
₹3.22 - 3.73 Cr**Ex-showroom price
Add to compare
Check latest offers

Initially, the Covid-19 pandemic forced the automaker to postpone the launch of Artura. Also, the US launch of the Mclaren Artura was pushed back in May 2021 due to issues with its software supplier and in December 2021 due to supply chain woes involving the semiconductor chips.

McLaren Artura comes as an exciting supercar with an electrified powertrain. The plug-in hybrid powertrain of the Artura combines a 3.0-litre V6 internal combustion engine with an electric motor. The combined power output of the car is 671 hp.

First Published Date: 03 Dec 2022, 17:33 PM IST
Recommended for you
View all
NEXT ARTICLE BEGINS
Shopping Bag Shop Now
56% OFF
SOFTSPUN Microfiber Cloth - 4 pcs - 40x40 cms - 340 GSM Grey- Thick Lint & Streak-Free Multipurpose Cloths - Automotive Microfibre Towels for Car Bike Cleaning Polishing Washing & Detailing
Rs. 263 Rs. 604
73% OFF
pTron Bullet Pro 36W PD Quick Charger, 3 Port Fast Car Charger Adapter - Compatible with All Smartphones & Tablets (Black)
Rs. 349 Rs. 1,299
20% OFF
Involve Your Senses One Musk Organic Car Perfume Bar, Involve Your Senses Strong Fiber Air Freshener to Freshen'up Your Car - IONE01-40 g Car Accessories interior car perfumes and fresheners
Rs. 319 Rs. 399
65% OFF
ELV Car Mount Adjustable Car Phone Holder Universal Long Arm, Windshield for Smartphones - Black
Rs. 348 Rs. 999
13% OFF
Jopasu Car Duster
Rs. 755 Rs. 869
9% OFF
ShineXPro Microfiber Car Cleaning Cloth - OG Soft 500 GSM Extra Large (35x75 CM) Microfiber Cloth for Car and Bike - Suede Edging for Scratchless Drying and Detailing (Pack of 2)
Rs. 499 Rs. 549
11% OFF
Pidilite WD-40, Multipurpose Car care Spray, 420ml Rust Remover, Lubricant, Stain Remover, Powerful Chimney Cleaner, Degreaser, and Bike Chain Cleaner & Chain Lube (341g)
Rs. 335 Rs. 375
68% OFF
ORJILO Super Soft Microfiber Car Duster Exterior with Extendable Handle, Car Brush Duster for Car Cleaning Dusting - Grey
Rs. 319 Rs. 999
65% OFF
Portronics AUTO 12 in-Car Bluetooth Receiver for Handsfree Calling, Music System, Supports All Smartphones (Black)
Rs. 525 Rs. 1,499
61% OFF
HSR Car Accessories in 10PCS/1Set Car Wiper Detergent Effervescent Tablets Washer Auto Windshield Cleaner Glass Wash Cleaning Tablets
Rs. 197 Rs. 499

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city