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Ron Dennis vacates McLaren F1's CEO position after 35 years

McLaren's Ron Dennis, one of the biggest names in F1 history, is stepping down from his CEO position after 35 years. Dennis was told on Tuesday he must give up his position as McLaren's chairman and chief executive, reports the BBC. Dennis, who holds a 25-percent stake in McLaren, attempted to contest the shareholders' decision to put him on so-called "gardening leave" redundancy. Reports say McLaren's other owners, TAG Group CEO Mansour Ojjeh and the Bahrain-based investment fund Mumtalakat, ousted him due to being at odds with Dennis' management style. Ojjeh holds another 25-percent stake in McLaren, and Mumtalakat holds the remaining 50 percent. According to Dennis, the rest of the management team warned Ojjeh about the possible consequences of removing him from McLaren. As Dennis says, "My management style is the same as it has always been and is one that has enabled McLaren to become an automotive and technology group that has won 20 Formula 1 World Championships and grown into an GBP850m-a-year business." Due to differences in vision regarding McLaren's future, there was no other option for Dennis than to leave the company. Dennis will still retain his 25-percent stake in the company and remain on the boards of both McLaren Technology Group and McLaren Automotive. Dennis states he plans to launch a new technology investment fund as soon as his contractual commitments expire; he also pledges to "use his McLaren board seat to protect the interest of the business and its 3,500 employees." McLaren has failed to win a F1 title after Lewis Hamilton's drivers' championship eight years ago and the latest constructors' title was won in 1998, 18 years ago.Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. News Source: BBC SportImage Credit: Mark Thompson via Getty Images Hirings/Firings/Layoffs Motorsports McLaren

Watch the McLaren F1's original record-setting top-speed run

When it was released in the early 1990s, the McLaren F1 was a car so full of superlatives that, even today, few cars come close to matching it. The F1 is arguably the greatest car that was or ever will be built, and it's unlikely we'll ever see another road-going car with as much raw and unfettered power and presence as the F1. The most famous metric of all, the car's official top speed of 240.1 mph, was achieved in 1998, deep in the forests of Germany with a former McLaren driver and 24 Hours of Le Mans winner behind the wheel. McLaren just released previously unseen footage of the run, which took place at the Ehra-Lessien proving ground. Aside from watching a digital speedometer slowly creep up to 391 km/h, the best part is the commentary from driver Andy Wallace. You'll have to watch the video for yourself, but it's wonderful hearing Wallace's mixture of excitement and fear as the car creeps ever fast. Pay particularly close attention to his hands, as even the mighty McLaren can't stay cool and calm at 220-plus mph. The car actually hits 242.9 mph in one run, but records take the average of two runs in opposite directions. The team's excitement can be felt through the screen, but the video leaves you with a twinge of sadness knowing that something so pure, so focused, and so wholly and completely uncompromised will likely never be seen again. Related Video: News Source: YouTube via The DriveImage Credit: McLaren McLaren Coupe Performance Supercars Videos top speed

McLaren pencils in electrified P1 successor for 2024 release

The limited-edition P1's long-awaited successor will be the next model added to McLaren's Ultimate Series. The company confirmed development work has started, but it won't release the yet-unnamed car until 2024. Picking up where the P1 (pictured) left off is a Herculean task; the hybrid hypercar built from 2013 to 2015 is one of the models that defined electrified performance in the 2010s. Its successor can't be merely an evolution of it with a re-shaped lower bumper and a 15-horsepower bump. It needs to take a leap forward in terms of design, technology, and performance. McLaren hasn't revealed what the car will be powered by, but its chief executive stated electrification is a must. "We haven't announced the powertrain. Obviously, looking forward, it will be either hybridized or an EV," company boss Mike Flewitt told British magazine Autocar. The carmaker previously affirmed it's not in a rush to release an electric car, and Flewitt highlighted the many hurdles still standing in the way of the technology.  "Take the 765LT as an example. We know a lot of customers are going to take that to the track. If it were an EV, you would be looking at maybe 30 minutes of running time, and then plugging it in until the next day. That's not a persuasive position," he explained. Electric technology is advancing at a rapid pace, so engineers could solve these problems in the coming years, but most signs point to the P1's successor offering hybrid power. Looks will be very much a part of the car's appeal, and it's expected to move McLaren's design language forward. It's reasonable to assume active aerodynamic add-ons and an adjustable suspension will be part of the package, too. More details about the car (which will arrive as a limited-edition model) will emerge in the coming months. The four-year time frame gives McLaren plenty of time to fine-tune the coupe, which it refers to internally as the son of P1. In the meantime, it's focusing on ramping up production of the Elva, a windshield-less Ultimate Series model originally limited to 399 units. The firm lowered that figure to 249 after analyzing feedback from its clients. Related Video: