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Audi denies McLaren purchase report

BERLIN — Early Monday morning, Audi denied reports that the company was closing a deal to purchase McLaren, leaning on a previous statement saying that the company is continuously looking at different ideas for cooperation and saying that the rumor of a completed purchase was "wholly inaccurate." "As part of our strategic considerations, we are constantly looking at various cooperation ideas," an Audi spokesperson said in response to an earlier Autocar report that indicated a deal to purchase the supercar manufacturer was in the works to help the company secure a Formula 1 team. The report cited a source who said Audi had taken over the British sportscar maker.  "McLarenÂ’s technology strategy has always involved ongoing discussions and collaboration with relevant partners and suppliers, including other carmakers, however, there has been no change in the ownership structure of the McLaren Group," Audi said.  McLaren later joined Audi in denying the story, using a statement saying, "McLaren Group is aware of a news media report stating it has been sold to Audi. This is wholly inaccurate and McLaren is seeking to have the story removed. McLaren's technology strategy has always involved ongoing discussions and collaboration with relevant partners and suppliers, including other carmakers, however, there has been no change in the ownership structure of the McLaren Group," the spokesperson said. Audi said to Reuters it was "looking at various cooperation ideas" but neither confirmed nor denied whether it was in discussion with McLaren about a possible sale. McLaren CEO Mike Flewitt announced in October that he would be step down after eight years leading the financially troubled company, which is now searching for a successor.  This article contains reporting by Reuters.

McLaren P1 crashed by 27-year-old driver a day after he bought it

There's one fewer McLaren P1 spitting fire on the world's roads after a 27-year-old driver wrecked his $1.15-million supercar in Dallas, TX, just a day after he picked it up from a local luxury car dealer. According to KHOU local news, police were responding to the crash site by 7:41 AM the next day. The 903-horsepower P1 allegedly hit a wet patch of road and spun, slamming the car into a guardrail. Judging by a photo obtained by KHOU, the hit did serious damage to the back of the supercar and bent the driver's side rear wheel into the body. The McLaren was the only vehicle involved in the crash, though, and the shunt sent both the driver and a 24-year-old passenger to the hospital with non-life threatening injuries. Featured Gallery 2015 McLaren P1: First Drive View 39 Photos News Source: KHOU via Motor AuthorityImage Credit: Copyright 2014 Matt Davis / AOL McLaren Ownership Safety Coupe Performance Supercars mclaren p1

McLaren will fight to stay independent

Only one major manufacturer in the competitive set for McLaren cars is independent. The rest - Audi, Bentley, Bugatti, Ferrari, Lamborghini, Porsche - are owned by mass-market conglomerates. The sole exception is Aston Martin, a small company constantly overcoming the challenges of its independence, now partly with the help of Daimler. McLaren vows to stay solo, though. Its executive director of sales and marketing said that having no one else to answer to helps keep it "very quick to move," with "product development life cycles [that] are very efficient." The company wants to sell 4,000 cars per year by 2017, and it's more than a third of the way there before it's 'volume' model, the 570S, hits dealerships. Last year the company sold 1,648 cars around the world and pegs annual production of the 570S at 2,500 units. The automaking side has done surprisingly well, surprisingly quickly. It only started making cars in 2011 and it turned a profit in 2013. That first car, the MP4-12C, has already morphed into the even better 650S, and McLaren offered 12C buyers a free upgrade. Since then we've been introduced to the P1, the P1 GTR, the 670S, the 675LT, and the 570S, while markets like China get the 650S and the 540C. That's seven vehicles on sale right now, not including race-only options like the 650S GT3, on top of an expanding global dealer network, all done in four years. Having done so well this far, independence would indeed seem to be the only option. Related Video: