The McLaren Group has changed its name to the McLaren Technology Group in order to better describe its current activities. The company, which has grown out of the original McLaren International racing team, is now a diversified high-technology company, applying its expertise to industries such as oil and gas, healthcare, pharmaceuticals, aviation and financial services.
“We have long proven our capabilities on the world’s racetracks, and Formula 1 racing is and will always be a core area of activity for us,” says Ron Dennis. “Racing fuels our competitive spirit, it is our crucible of innovation, it enables us to attract the world’s best engineers, scientists and data analysts, and the enormous popularity of Formula 1 provides a unique global marketing platform. We exist to win, and nothing will ever divert McLaren Racing’s focus away from that ambition. However, some time ago we set McLaren on a path of diversification, and as a result we are today far more than just a racing team. The McLaren companies now employ more than 3,000 people, three-quarters of whom are not involved in motorsport. Technology drives everything we do – creating the world’s most advanced road cars, working with blue-chip companies to enhance their performance and their products, and/or developing the world’s most robust electronic control systems. Our new name therefore reflects our ever-increasing focus on innovation and the creation of disruptive technologies that will have a positive and far-reaching impact.
McLaren Automotive remains a stand-alone company.