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


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  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,

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.

Read the Full MSN Article at:
[ https://www.msn.com/en-ae/news/other/mclaren-plans-more-tech-investment-to-boost-operations-finance-chief-says/ar-AA1Agcva ]

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