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McLaren F1 GTR Longtail sells at Gooding for $5.28 million

Last month we reported on a very rare McLaren being put up for auction under the auspices of Gooding & Company. One of only 106 examples of the McLaren F1 ever made, one of only 28 made in GTR competition spec, and one of just ten longtail versions, chassis number 021R won FIA GT Championship races in Germany and Finland, making it one of the most successful F1 GTRs ever campaigned and earning its place in the pantheon of McLaren lore. With original livery in immaculate condition, this rare McLaren F1 GTR Longtail sold this weekend in Scottsdale, Arizona, for $5.28 million. Which may seem like a lot of money – and by any account, it surely is – but comes in at the low end of the pre-sale estimates that placed its value at between $5 and $7 million. To put that into proper McLaren perspective, consider that the same amount could buy you a full grid of ten 12C Can-Ams, five examples of the new McLaren P1, or probably get McLaren to build you your own custom creation like the X1. Check out the live images from the scene in the gallery above. Featured Gallery 1997 McLaren F1 GTR Longtail View 28 Photos Image Credit: Copyright 2014 Drew Phillips / AOL McLaren Auctions Coupe Racing Vehicles mclaren f1 gtr

Rosberg survives the Mexican mess | 2016 Mexican Grand Prix recap

Roughly ten messy laps defined the Mexican Grand Prix – five laps at the start and five at the end. Those laps included a couple of actual wrecks and a few more near wrecks that turned the entire day into chaos. To have any chance of winning the 2016 Driver's Championship, Lewis Hamilton needed to get his Mercedes-AMG Petronas across the finish line ahead of teammate Nico Rosberg. Once again we got a weekend full of vintage Hamilton, the Brit dominating the from Friday to Sunday, except for the first corner of the first lap. Pole-sitter Hamilton reached Turn 1 clearly in front of the field. But he couldn't make the corner and stay on track, so he zipped into the runoff area and over the grass, rejoining at Turn 3 still ahead of the field. The stewards didn't penalize Hamilton, one commentator's explanation being that Hamilton "was not battling another car." The non-action left car #44 to enjoy a lights-to-flag win. At that very same corner, Rosberg also availed himself of the runoff area. His infraction seemed destined to incur a penalty until replays showed that Max Verstappen in the Red Bull slid wide and bumped Rosberg, causing the German to go off track. No penalties were handed out there, either. Verstappen would return to hound Rosberg later in the race when angling for second place. Verstappen took a stab through Turn 4 on Lap 50 of the 71-lap race, but ran off the track and lost touch with the Mercedes by Lap 55. Ferrari got half of its strategy right in Mexico, putting Sebastian Vettel hard on the charge in the final stint. The German got within DRS range of Verstappen on Lap 67, with Red Bull's Daniel Ricciardo a little more than a second behind Vettel. On Lap 68, Verstappen pulled the same move as Hamilton at the beginning of the race: the Dutchman ran wide through Turn 1, zoomed over the grass and rejoined the track at Turn 3, staying ahead of Vettel the whole time. With three laps remaining, the stewards chose to investigate after the race. In spite of Verstappen's own team telling he probably needed to cede position to Vettel, Verstappen stayed in front and slowed just enough to put Vettel under threat from Ricciardo. On Lap 70 Ricciardo had closed up to Vettel's gearbox. Headed for Turn 4, Vettel swung outside to take the corner. When Ricciardo moved inside to pass, Vettel moved inside to block the Aussie while both cars were in the braking zone. The Ferrari made light contact with the Red Bull, but Vettel held his position through Turn 5.

McLaren trying to raise millions by putting its HQ, historic cars up for collateral

The McLaren 765LT in its debut at the company's Woking, England, headquarters. / AP   LONDON — McLaren is looking into various funding options to help the sports car maker and Formula One team owner negotiate the coronavirus pandemic, a spokesman said on Thursday. Sky News reported that British-based McLaren was seeking to raise up to 275 million pounds ($335.61 million) by borrowing against its Woking headquarters and extensive collection of historic racing cars. It quoted sources as saying McLaren, advised by JP Morgan, could raise the money in the form of new bonds with funding secured from existing or new bondholders. A request for a 150 million-pound loan from the government was recently rejected, according to media reports. "Like many other British businesses McLaren has been severely affected by the current pandemic and we are therefore exploring a variety of different funding options to help navigate these short-term business interruptions," the spokesman said, without giving details. McLaren were the first Formula One team to furlough staff in April because of the new coronavirus, with drivers Lando Norris and Carlos Sainz joining senior management in taking a pay cut. The company said then that the temporary three-month wage reduction was part of wider cost-cutting measures due to the impact of the pandemic on its business. The Formula One season has yet to start, a blow for teams who rely on sponsorship and a share of the sport's revenues for much of their budgets. The team announced on Thursday that Australian driver Daniel Ricciardo would be joining in 2021, with Sainz heading to Ferrari. The McLaren Group, including the luxury carmaker and applied technology arm, employs some 3,700 people with around 850 working for the F1 team. McLaren has a collection of cars driven by the likes of the late founder Bruce McLaren and Brazilian triple champion Ayrton Senna. The Formula One team are the second most successful in the sport's history, after Ferrari in terms of race wins and championships, and gave Mercedes' six-times world champion Lewis Hamilton his debut in 2007. The company is majority owned by Bahrain's sovereign wealth fund Mumtalakat. Related Video:       (Reporting by Alan Baldwin, editing by Ed Osmond)