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McLaren Group
McLaren Group Limited ( ) is a British holding company based in Woking, England, which is involved in Formula One and other motorsport and the manufacture of sports cars. The group was founded by Ron Dennis shortly after his acquisition of the McLaren Formula One team in 1981, as the TAG McLaren Group due to a partnership with Mansour Ojjeh's TAG Group. The Formula One team had been established by New Zealander Bruce McLaren in 1963. McLaren Group was renamed McLaren Technology Group in 2015. In June 2017 it was announced that Dennis had sold his 25% shareholding in the company to the other shareholders, in addition to his shares in McLaren Automotive. The group then merged with McLaren Automotive to form a new company using the previous McLaren Group name. History Bruce McLaren started Bruce McLaren Motor Racing in 1963 and the team first entered Formula One in 1966. Teddy Mayer took over direction of the group following McLaren's death while testing a Can-am series ...
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Mansour Ojjeh
Mansour Akram Ojjeh (25 September 1952 – 6 June 2021) () was a French Saudi Arabian-born entrepreneur who owned a part of TAG, a Luxembourg-based holding company with interests worldwide. Ojjeh was the CEO of TAG, which owned 14.32% of the McLaren Group, whose assets include McLaren Automotive and the McLaren Formula One team since the 1970s and 2000s. He was at one time the owner of TAG Heuer and Farnborough Airport. He also owned 10% of the upmarket jewellers Asprey and Garrard. Early life and education Ojjeh was born in 1952 and was the son of the Saudi naturalized Syrian businessman Akram Ojjeh, son-in-law to Mustafa Tlass and the owner of Techniques d'Avant Garde based in Luxembourg, an investment company that was focused mainly in advanced technologies. His father was an intermediary in deals between Saudi Arabia and France, particularly arms sales. His mother was French and he spent much of his childhood in France. He attended American School in Paris, and graduated ...
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McLaren MP4/4
The McLaren MP4/4, also known as the McLaren-Honda MP4/4, was one of the most successful Formula One car designs of all time. Powered by Honda in Formula One, Honda's Honda RA16 engine, RA168E 1.5-litre V6-Turbocharger, turbo engine and driven by teammates Alain Prost and Ayrton Senna, the car competed during the 1988 Formula One season. The design of the car was led by American engineer Steve Nichols, working with Gordon Murray, the team's recently-appointed Technical Director. Honda had provided the Constructors' Championship-winning engines of 1986 and 1987, and for 1988 they switched partners from Williams to McLaren, who had struggled with their dated Techniques d'Avant Garde, TAG-Porsche in Formula One, Porsche engines. The engine's design and development was led by Osamu Goto. The MP4/4 was a distinctly lower design than the previous year's McLaren MP4/3, MP4/3, forcing the drivers into a more reclined, almost lying down driving position. In the 1988 season the MP4/4 won ...
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Brands Hatch
Brands Hatch is a motor racing circuit in West Kingsdown, Kent, England, United Kingdom. Originally used as a grasstrack motorcycle circuit on farmland, it hosted 12 runnings of the British Grand Prix between 1964 and 1986 and currently hosts many British and International racing events. The venue is owned and operated by Jonathan Palmer's MotorSport Vision organisation. Circuit Brands Hatch offers two layout configurations. The "Indy Circuit" layout is located entirely within a natural amphitheatre offering spectators views of almost all of the shorter configurations from wherever they watch. The "Grand Prix" layout has played host to several Formula One Grands Prix, including those with moments such as Jo Siffert's duel with Chris Amon in and 1992 World Driver's Champion Nigel Mansell's first win in . Noise restrictions and the proximity of the Grand Prix loop to local residents mean that the number of race meetings held on the extended circuit is limited to just a fe ...
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Martin Whitmarsh
Martin Richard Whitmarsh (born 29 April 1958) is a British businessman and former Group CEO of the Aston Martin Formula One Team. Whitmarsh is best known to motorsport insiders, media, and fans for his long and successful period at McLaren, for which he worked for 25 years (1989–2014) in various senior positions, including group chief executive officer, as well as Formula One Team Principal for six years (2008–2014). Under his leadership, McLaren diversified its business activities beyond its core activity of Formula One, launching McLaren Automotive and McLaren Applied Technologies. Whitmarsh played a senior and leading role in the winning of more than 100 Formula One Grands Prix and multiple Formula One World Championships, and was at the centre of the development of several Formula One World Champions, including Lewis Hamilton. Whitmarsh was also chairman of the Formula One Teams Association for three years (2010–2012). Motorsport McLaren Whitmarsh joined McLaren ...
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Kingdom Of Bahrain
Bahrain, officially the Kingdom of Bahrain, is an island country in West Asia. Situated on the Persian Gulf, it comprises a small archipelago of 50 natural islands and an additional 33 artificial islands, centered on Bahrain Island, which makes up around 83 percent of the country's landmass. Bahrain is situated between Qatar and the northeastern coast of Saudi Arabia, to which it is connected by the King Fahd Causeway. The population of Bahrain is 1,501,635 as of 14 May 2023, of whom 712,362 (47.44%) are Bahraini nationals and 789,273 are expatriates spanning 2,000 ethnicities (52.56% of the country's population of 1,501,635). Bahrain spans some , and is the third-smallest nation in Asia after the Maldives and Singapore. The capital and largest city is Manama. According to archeologist Geoffrey Bibby, Bahrain is the site of the ancient Dilmun civilization.
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Sovereign Wealth Fund
A sovereign wealth fund (SWF), or sovereign investment fund, is a state-owned investment fund that invests in real and financial assets such as stocks, Bond (finance), bonds, real estate, precious metals, or in alternative investments such as private equity funds or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign exchange reserves held by the central bank. Some sovereign wealth funds may be held by a central bank, which accumulates the funds in the course of its management of a nation's banking system; this type of fund is usually of major economic and fiscal importance. Other sovereign wealth funds are simply the state savings that are invested by various entities for investment return, and that may not have a significant role in fiscal management. The accumulated funds may have their origin in, or may represent, foreign currency deposits, gold, special drawing rights (SDRs) and International Moneta ...
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McLaren Applied
McLaren Applied is a British technology and products company. Capabilities include design, development, manufacture and test of electronic, mechanical, electrical and software products. The company is focused on four industries: motorsport, automotive, transport and mining. McLaren Applied was formerly a part of McLaren Group and since 2021 a fully independent company, which owned by the private investment firm Greybull Capital. History The present company was formed when two McLaren Technology Group companies merged - 'McLaren Composites and TAG Electronics. The companies merged due to the sale of Audiolab to International Audio Group. TAG Electronics Holdings was the parent company of TAGMcLaren Audio (Now Audiolab) and also TAG Electronics Systems. When Audiolab was sold, the holding company TAG Electronics Holdings was scrapped and the remaining technology company merged with McLaren Composites, which both together then formed McLaren Applied Technologies. In Septembe ...
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COVID-19 Pandemic
The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December 2019. Soon after, it spread to other areas of Asia, and COVID-19 pandemic by country and territory, then worldwide in early 2020. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern (PHEIC) on 30 January 2020, and assessed the outbreak as having become a pandemic on 11 March. COVID-19 symptoms range from asymptomatic to deadly, but most commonly include fever, sore throat, nocturnal cough, and fatigue. Transmission of COVID-19, Transmission of the virus is often airborne transmission, through airborne particles. Mutations have variants of SARS-CoV-2, produced many strains (variants) with varying degrees of infectivity and virulence. COVID-19 vaccines were developed rapidly and deplo ...
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Layoff
A layoff or downsizing is the temporary suspension or permanent termination of employment of an employee or, more commonly, a group of employees (collective layoff) for business reasons, such as personnel management or downsizing an organization. Originally, ''layoff'' referred exclusively to a temporary interruption in work, or employment but this has evolved to a permanent elimination of a position in both British and US English, requiring the addition of "temporary" to specify the original meaning of the word. A layoff is not to be confused with Wrongful dismissal, wrongful termination. ''Laid off workers'' or ''displaced workers'' are workers who have lost or left their jobs because their employer has closed or moved, there was insufficient work for them to do, or their position or Shift work, shift was abolished (Borbely, 2011). Downsizing in a company is defined to involve the reduction of employees in a workforce. Downsizing in companies became a popular practice in the 1 ...
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Emerson Fittipaldi
Emerson Fittipaldi (; born 12 December 1946) is a Brazilian former racing driver and motorsport executive, who competed in Formula One from to . Fittipaldi won two Formula One World Drivers' Championship titles, which he won in and with Team Lotus, Lotus and McLaren, respectively; he won 14 Formula One Grands Prix, Grands Prix across 11 seasons. In American open-wheel racing, Fittipaldi won the PPG Indy Car World Series, IndyCar World Series in 1989 PPG Indy Car World Series, 1989 with Patrick Racing, Patrick, and is a List of Indianapolis 500 winners, two-time winner of the Indianapolis 500. Moving up from Formula Two, Fittipaldi made his race debut for Team Lotus as a third driver at the 1970 British Grand Prix. After Jochen Rindt was killed at the 1970 Italian Grand Prix, the Brazilian became Lotus's lead driver in only his fifth Grand Prix. He enjoyed considerable success with Lotus, winning the List of Formula One World Drivers' Champions, World Drivers' Championship in ...
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Teddy Mayer
Edward Everett Mayer (September 8, 1935 – January 30, 2009) was an American motor racing entrepreneur who was successful in several categories of racing, including Formula One and Indy cars. Life and career Mayer was born in Scranton, Pennsylvania. While studying law at Cornell Law School, he became involved in the Rev-Em Formula Junior team whose drivers included his brother Timmy and Peter Revson. After graduating in 1962 Mayer followed his brother and Revson to Europe and joined Bruce McLaren who was setting up his Formula One team. Despite the death of his brother in 1964, Mayer continued to be involved in motor sport and assumed control of the McLaren team after Bruce McLaren died in 1970. For much of the 1970s McLaren enjoyed considerable success, with both Emerson Fittipaldi and James Hunt taking the drivers title. In addition to Formula One, McLaren also competed in USAC, CART, and CanAm racing under Mayer's management. The McLaren team won the Indianapolis ...
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