McLaren plans more tech investment to boost operations, finance chief says

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McLaren plans more tech investment to boost operations, finance chief says

//business-finance.news-articles.net/content/202 .. ment-to-boost-operations-finance-chief-says.html

Published in Business and Finance on Wednesday, March 5th 2025 at 8:41 GMT by MSN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

British Formula One team McLaren Racing is open to investing in more technology platforms and teaming up with financial service providers to streamline its business operations, its chief financial officer has said,

2025-03-05 189 x 130 / 5628 Bytes

McLaren, the British supercar maker, is planning to increase its investment in technology to enhance its operational efficiency, according to its Chief Financial Officer, Chris Miller. This strategy comes as part of a broader effort to streamline operations and reduce costs, following a period of financial restructuring. The company has been focusing on improving its supply chain, manufacturing processes, and product development through technological advancements. This move is also aimed at supporting McLaren's growth in both its automotive and racing divisions, ensuring that the company remains competitive in the high-performance car market. The tech investment is part of McLaren's recovery plan after facing significant financial challenges, including a major recapitalization in 2021.

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