logo
McLaren to auction 2026 F1 car before it even hits the track

McLaren to auction 2026 F1 car before it even hits the track

Malay Mail3 days ago
LONDON, Aug 15 — Champions McLaren claimed a first on Thursday by announcing the auction of one of their 2026 Formula One cars before it has even been raced.
The F1 car, which will be driven by Oscar Piastri or Lando Norris, is one of a trio of future chassis offered by McLaren in the December 5 sale organised by RM Sotheby's ahead of this year's season-ending Abu Dhabi Grand Prix.
The other two are a 2026 Arrow McLaren Indycar, to be raced at the Indianapolis 500 next May by Mexican Pato O'Ward, and McLaren's inaugural 2027 World Endurance Hypercar that will compete in the 24 Hours of Le Mans.
McLaren Chief Executive Zak Brown said the auction would be the first time a future Formula One car had been sold before it had been unveiled to the public.
The as-yet unnamed 2026 car, likely to be the MCL40 after this year's MCL39, will be the team's first for a new era in Formula One with a big change in technical and engine regulations.
The successful bidder will have to wait until 2028 to take delivery, with a 2025 show car offered on lease until then to the buyer who will also have behind the scenes access to the team and events.
The other cars will be delivered after the respective series have ended.
McLaren are the only team to have won the 'Triple Crown' of the Monaco Grand Prix, Indianapolis 500 and Le Mans and will try to add to their success when they return to endurance racing in 2027. — Reuters
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

SDS to ride on bread boom with Mamee Bakery acquisition: Publicinvest
SDS to ride on bread boom with Mamee Bakery acquisition: Publicinvest

New Straits Times

time4 hours ago

  • New Straits Times

SDS to ride on bread boom with Mamee Bakery acquisition: Publicinvest

KUALA LUMPUR: SDS Group Bhd's acquisition of Mamee Bakery Sdn Bhd's assets in Johor is being viewed as a strategic bet on Malaysia's fast-growing bread and bakery market, which is expected to hit US$8.2 billion in 2025. Public Investment Bank (PublicInvest) said the RM28 million deal not only strengthens SDS's manufacturing base but also positions the group to capture rising demand for convenience-driven food products. According to Statista, the domestic bread and bakery market is projected to expand at a compounded annual growth rate (CAGR) of 5.6 per cent between 2025 and 2030, supported by shifting dietary trends, health awareness and the convenience of bread as a carbohydrate alternative. SDS' indirect subsidiary, SDS Top Baker Sdn Bhd, will acquire seven parcels of land and factories in Plentong, Johor Bahru, for RM26 million. The group will also purchase production lines, machinery, equipment, trademarks, recipes and proprietary know-how tied to Mamee Bakery's operations for RM2 million. The assets cover full production lines for popular products such as London/Tora Swiss Roll, layer cakes and bear cakes, alongside Mamee's bakery-related intellectual property and goodwill. PublicInvest noted that SDS' strong net cash position of around RM27 million ensures funding is not a concern. SDS, already a key manufacturer and distributor of bakery goods with two plants in Kempas, Johor, and Seremban, Negeri Sembilan, remains largely under the control of the Tan family. The company's two biggest shareholders, Tan Kim Seng and Tan Kim Chai, hold stakes of 24.3 per cent and 24.2 per cent, respectively. In a stock exchange filing last week, SDS said that the acquisition aligns with its long-term strategy to scale operations, expand into new product segments and enhance export potential. The group targets the mass market under its wholesale brands Top Baker and Daily's, distributing across Peninsular Malaysia and Singapore via its own logistics network. Top Baker products are typically sold in sundry shops and groceries, while Daily's products are available in hypermarkets, supermarkets and convenience stores. PublicInvest said the acquisition will complement SDS' existing distribution strengths, broaden its product portfolio and unlock synergies through resource sharing and greater operational efficiency. "We believe that it will generate synergies by broadening SDS' product portfolio while enhancing operational scalability under the same distribution network," PublicInvest said, maintaining an Outperform rating on the stock with an unchanged target price of 88 sen, based on 12x CY26F EPS. The research house added that the proximity of SDS' Kempas and Plentong facilities could drive further cost optimisation while boosting manufacturing capacity. This also aligns with the group's strategy to grow export sales through products with longer shelf lives.

Motorcycling-Marquez wins Austrian GP for first time to extend MotoGP championship lead
Motorcycling-Marquez wins Austrian GP for first time to extend MotoGP championship lead

The Star

time18 hours ago

  • The Star

Motorcycling-Marquez wins Austrian GP for first time to extend MotoGP championship lead

MotoGP - Austrian Grand Prix - Red Bull Ring, Spielberg, Austria - August 17, 2025 Ducati Lenovo Team's Marc Marquez celebrates with his team after winning the Austrian MotoGP REUTERS/Gintare Karpaviciute SPIELBERG, Austria (Reuters) -Six-times MotoGP champion Marc Marquez marked the 1,000th premier class race in history by winning the Austrian Grand Prix for the first time in his career to take a 142-point lead over his brother Alex in the championship. Having won Saturday's sprint from the second row, Marquez claimed the sprint-race double for the sixth Grand Prix in a row, with the Spaniard unbeaten since the British Grand Prix in May. Not since 2014 had Marquez claimed six Grand Prix wins in a row as he inches closer to a seventh MotoGP crown with nine rounds left. Gresini Racing rookie Fermin Aldeguer found late race pace to finish second while Aprilia's pole sitter Marco Bezzecchi finished third while Alex Marquez finished 10th after serving a long-lap penalty. (Reporting by Rohith Nair in Bengaluru;)

We shouldn't have dropped F1, says SIC chief
We shouldn't have dropped F1, says SIC chief

Free Malaysia Today

time19 hours ago

  • Free Malaysia Today

We shouldn't have dropped F1, says SIC chief

Liberty Media Corp, the owner of F1, has quoted a price of US$70 million (RM295 million) per race in Malaysia, Sepang International Circuit CEO Azhan Shafriman Hanif said. (Bernama pic) PETALING JAYA : It was a mistake for Malaysia to give up the hosting rights for the Formula 1 (F1) grand prix, says Sepang International Circuit (SIC) CEO Azhan Shafriman Hanif. He said it was a tall order now to host the F1 race in Sepang as there is a long waiting list for a place on the motorsport event's calendar. He added that it would also be very costly with Liberty Media Corp, the owner of F1, having quoted a price of US$70 million (RM295 million) for the rights to host the race in Malaysia, New Straits Times reported. 'That does not include our setup costs, in the region of RM10-20 million per year. In total, it would cost us more than RM300 million to bring back the race (annually),' he was quoted as saying. Nonetheless, Azhan believes there is a strong interest to bring the F1 grand prix back to Malaysia, adding that if enthusiasts and stakeholders were really serious about this, then 'maybe we can start the conversation'. He maintained that every stakeholder must be involved and contribute to make this a success, saying Malaysia should take a leaf from Singapore. '(Singapore) has everyone on board to make their F1 grand prix a success, from the ministries to the corporate sector and hotels. Everybody contributes. 'It has to be like that if we bring it back here,' he said, adding that the returns on investments will not be immediate. Azhan then warned against making the same mistake with the hosting rights for the MotoGP, saying that negotiations for a contract renewal with event organiser Dorna Sports will take place soon. 'We do not want to repeat the mistakes of the past. We let F1 go and now it is very hard to bring it back. I hope we don't make the same mistake with MotoGP,' he was quoted as saying. In April 2023, youth and sports minister Hannah Yeoh said it would be 'quite impossible' for Malaysia to host F1 races in Sepang again because of the high costs it would incur. However, Motorsports Association of Malaysia president Mokhzani Mahathir said F1 races could return to Sepang if the corporate sector was willing to bear the costs. Malaysia first hosted the F1 grand prix in 1999 and it became a popular attraction for motorsports enthusiasts from around the world every year. The last race in Malaysia was held in 2017 after Putrajaya decided not to renew the hosting rights due to a decline in returns.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store