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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

Autoblog Minute: UAW and FCA avoid strike, Clarkson teases new show

FCA avoids a worker strike, a former Top Gear host teases us with a picture from Amazon's new car show, and Toyota predicts autonomous cars by 2020. Autoblog senior editor Greg Migliore reports on this edition of Autoblog Minute Weekly Recap. Show full video transcript text [00:00:00] FCA avoids a worker strike, a former Top Gear host teases us with a picture from Amazon's new car show, and Toyota predicts autonomous cars by 2020. I'm senior editor Greg Migliore and this is your Autoblog Minute Weekly Recap. A UAW strike of FCA was avoided thanks to a zero-hour tentative agreement reached this week. Worker concerns that were renegotiated in the new [00:00:30] deal include adjustments to the two-tier wage scale, health care costs, and production outsourcing. Now check-in with Autoblog as we update our reports on this evolving story. Shooting began on Amazon Prime's new automotive show starring the former Top Gear crew. That's Jeremy Clarkson, Richard Hammond, and James May. Now Clarkson threw out a tweet from day one of filming on location at Algarve Motor Park in Portugal. The picture features the show's [00:01:00] three stars and crew posing with the holy trinity of hyper cars. That's a McLaren P1, a Ferrari LaFerrari, and a Porsche 918 Spyder. This Prime show is being called Gear Knobs though the name is unofficial. Now if a tweet is any indication of what we can expect, who cares what it's called this is gonna be awesome. (Eds Note: Clarkson tweeted Friday that the show will not be called Gear Knobs.) Toyota predicts drivers could be obsolete on highways as early as 2020, with technology dubbed the Toyota Highway Teammate or THT. Toyota is using a modified [00:01:30] Lexus GS to show what this is capable of. THT is already able to create a driverless freeway car that's capable of changing lanes, making passes and taking curves. Plus, it can keep safe distances from other vehicles. Toyota is currently testing this on Tokyo's Shuto Expressway. Those are the highlights from the week that was. Be sure to check out my full recap this Saturday. And I'll have some added insight on the BMW M4 GTS. For Autoblog, I'm Greg Migliore. [00:02:00] Show Logo Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals.

Jenson Button staying in F1 with McLaren

At 35 years old, Jenson Button is hardly what you'd call an old man, but for a Formula One driver, he's ancient. So we weren't surprised when we heard reports that he was heading for retirement. It just turns out they weren't true. According to a statement released by McLaren, Button will be staying on for at least another year. The news follows a recent announcement by McLaren chief Ron Dennis, who noted that Button is still under contract, and that the team has no intention of dismissing him or letting him go early. Citing both Button's wealth of experience and his current capabilities, the announcement confirms that McLaren will not trigger the escape clause in his contract that would have allowed him to terminate it after this season. So he may not be leaving soon, but the still-new McLaren-Honda partnership will need to perform better if it's going to keep aging former champs like Button and teammate Fernando Alonso interested in continuing with the team. Plagued by teething problems, the McLaren has yet to score a single podium finish this season. It has also failed to get at least one of its cars to the finish line at nine out of the 13 races, leaving it in ninth place in the constructors' standings. That's the worst the team has performed since 1980 when it was still under Ford-Cosworth DFV power. McLaren-Honda confirms Jenson Button for 2016 01 Oct McLaren-Honda is happy to confirm that Jenson Button will race for the team in 2016. Ron Dennis (Chairman & Chief Executive Officer) said: "Jenson and I have been discussing his plans in private for the past few weeks, and the fact that our talks have led to today's announcement is very pleasing to both of us and will delight and motivate all at McLaren-Honda. "As I have made clear whenever I have been asked about the subject, Jenson's current contract is of two years' duration [2015 and 2016]. There is a 'terminate after year one' option that McLaren could have triggered if we had wished to do so, but, once it became clear from my many conversations with Jenson that he remained as enthusiastic and as committed and as focused as ever, that option immediately became an irrelevance. That being the case, Jenson will race for McLaren-Honda next year, under the terms and conditions as set out in the two-year contract that both parties entered into a year ago. "As I say, I am extremely pleased.