McLaren Automotive CEO Mike Flewitt resigns

McLaren Automotive Chief Executive Officer Mike Flewitt will step down after eight years leading the closely held company, which has started a search for a successor.

The Woking, England-based supecar maker said Wednesday that Michael Macht, a McLaren Group non-executive director, will oversee technical and operational functions, while Chairman Paul Walsh will lead sales, marketing and public relations. Flewitt joined McLaren as chief operating officer in June 2012, and became CEO just over a year later.

The carmaker controlled by Bahrain’s sovereign wealth fund Mumtalakat has been repairing its finances after the pandemic halted production and scuppered the Formula 1 racing franchise. In July, McLaren raised 550 million pounds ($755 million) from existing investors and the sale of preference shares and equity warrants to new backers Ares Management Corp. and Saudi Arabia’s Public Investment Fund. It also raised $620 million from a bond issue.

In April, the company sold and

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McLaren Automotive’s boss Mike Flewitt to step down

CEO of McLaren Automotive Limited, Mike Flewitt, poses for a photograph with the McLaren 765LT at its launch at the McLaren headquarters in Woking, Britain, March 3, 2020. REUTERS/Peter Nicholls

Oct 27 (Reuters) – McLaren Automotive’s Mike Flewitt will step down as chief executive officer after more than eight years at the helm, the British Formula One and sportscar maker said on Wednesday.

McLaren Group, which owns the automotive supercar and racing businesses, said non-executive director Michael Macht will take on the responsibility for all technical and operation functions while it searches for Flewitt’s replacement.

“I feel incredibly proud to have led McLaren Automotive through most of its first, highly-successful decade and am privileged to have played a part in the incredible McLaren story,” Flewitt said in a statement.

Since 2013, Flewitt has steered McLaren through expansion in Asia, introduction of new generations of hybrid cars, potential takeovers and possible

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The former McLaren designer whose automotive art gave him a new lease on life

After over a decade at McLaren, and a career that had seen him work on the P1, 570, 720S, and the new Artura, things began to unravel for Paul Howse.

© Provided by Hagerty

The high pressure of his job as Design Manager took its toll and in early 2020, Paul signed off work due to depression. Then, while his personal world was being turned upside down, the outside world followed suit as the pandemic hit. Initially he was put on furlough and, later in the year, along with 1200 other McLaren employees, he was let go.

Fortunately, by this time Paul had already begun his journey on the road to recovery by getting back to something he had loved doing since childhood—drawing cars.

Paul was born into the world of motorsport, often joining his father trackside, where he worked as an engineer on Spice’s Group C program

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The Topless McLaren Elva Delivers the Visceral Thrill of Open-Air Motoring

Just like London buses, you wait ages for a roofless British hypercar and then two come along at the same time. While the Italian Ferrari Monza arguably started the extreme roadster trend in 2019, McLaren now has its Elva while Aston Martin has launched the V12 Speedster.

Both limited-edition models come without a roof or a windscreen, each offering a return to the visceral thrill of completely open-air motoring. Understandably, when seeing a chance to dance with the McLaren Elva, we cut right in.

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Priced at nearly $2 million—almost double that of the Aston Martin V12 Speedster—the madcap McLaren is best explained with a couple of technical stats. The 4.0-liter, twin-turbo V-8—mated to the marque’s seven-speed seamless-shift gearbox—is from the Senna hypercar and pushes out 804 hp, while the Elva weighs only 2,531 pounds, some 1,322 pounds less than the V12 Speedster.

The 804 hp McLaren Elva is priced at  million. - Credit: Photo: Courtesy of McLaren Automotive Limited.

The 804 hp

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