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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 ...
The McLaren F1 is a sports car designed and manufactured by British automobile manufacturer McLaren Cars and powered by the BMW S70/2 V12 engine, of which a limited number was produced. The original concept was conceived by Gordon Murray , who successfully convinced Ron Dennis to back the project and hired car designer Peter Stevens to design ...
The team is a subsidiary of the McLaren Group, which owns a majority of the team. McLaren is best known as a Formula One chassis constructor, the second-oldest active team and the second-most successful Formula One team after Ferrari, having won 189 races, 12 Drivers' Championships, and nine Constructors' Championships.
McLaren pioneered the use of carbon fibre in motor racing with its new car, the MP4/1, bringing new levels of rigidity and driver safety to Formula 1. In August 1988, Dennis, Team Principal and Gordon Murray started to develop a new car and in 1992, the F1 was launched with a total production run of just 106 units.
In 1974, the Formula One Constructors' Association (FOCA) was founded in order to increase commercial organisation of Formula One for the benefit of the racing teams. In 1978, Bernie Ecclestone became the executive of FOCA, and fought the Fédération Internationale du Sport Automobile (FISA) for control of the commercial rights of F1.
Ojjeh was the CEO of TAG, which owned 14.32% of the McLaren Group, [3] 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. [4]
Sir Ronald Dennis CBE (born 1 June 1947) is a British businessman and motorsport executive. From 1981 to 2009, Dennis served as team principal, CEO and co-owner of McLaren in Formula One, winning seven World Constructors' Championship titles between 1984 and 1998; he also served as founder, chairman and owner of McLaren Group between 1985 and 2017, where he founded McLaren Automotive in 2010.
1995 McLaren F1 with orange exterior in London 2018. The McLaren F1 was a mid-engine sports car manufactured from 1992 to 1998, with a total of 106 cars being produced. [42] Due to the extremely limited number of production, the cars are extremely rare and are valued between US$8 million to $13.5 Million. [43]