McLaren will soon undergo a huge corporate shakeup. Over the next six months, the British supercar maker will be restructured into a new holding company, merging with Forseven, a British startup backed by CYVN Holdings, the Abu Dhabi-based company that agreed to purchase McLaren back in October.
This restructuring brings heaps of new capital into the business. In addition to building sports cars, the new holding company, McLaren Group Holdings, will expand into “new product categories,” according to an announcement from the brand published on Thursday.
Details of McLaren’s portfolio expansion won’t come until later this year, but CYVN says its strategy involves “high-performance and luxury sectors, setting a new benchmark for excellence, and transforming McLaren into a high-performing British automotive business on the global stage.”
Photo by: McLaren
Going forward, McLaren Group Holdings will be led by Forseven CEO Nick Collins. In an interview with Autocar, he confirmed McLaren would launch a range of cars in the luxury market, at higher price points. That likely means we’ll see a McLaren SUV or sedan soon.
That backs up rumors we’ve been hearing over the past two years regarding the company’s plans to launch a high-riding competitor to the Aston Martin DBX707 and Lamborghini Urus. Previous reports suggest McLaren will launch an SUV in 2028. Going by this investment, we’d say that’s still on track.
“We have a clear strategy to achieve our vision, and we will move at an incredible pace to do so,” Collins said in a statement. “We need to optimize operations, deliver efficiencies, and reshape the new integrated organization, so that we can grow our portfolio of cars, enhance customer experience, and continue strengthening our global supplier and dealer relationships.”