Following months of negotiations aimed at selling the 840,000 square foot facility, a deal was announced on Tuesday for the factory to be bought by American company Global Net Lease (GNL). The transaction is expected to be completed in the second quarter of this year and will include a 20-year lease for McLaren. James Nelson, CEO of GNL, said: “We are excited to announce that this world-class facility will become part of the GNL portfolio. "The McLaren Group Headquarters' state of the art buildings have won numerous awards, were designed by renowned architect Norman Foster, and are the type of mission-critical, net-leased properties that make up the GNL portfolio.” McLaren faced serious cash flow issues last year and, as it looked for ways to bolster its finances, it believed there was no benefit to having cash locked up in its factory facility. It pursued a sale-and-leaseback deal to help deliver an instant financial boost, as it allows it to capitalise on the … [Read more...] about McLaren sells F1 factory in £170 million leaseback deal
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Verstappen was preparing to take the pack back up to racing speed after the Emilia Romagna event had been suspended to clear up the wreckage from George Russell and Valtteri Bottas crashing heavily, when the Red Bull driver lost control at the final corners. He speared left over the kerbs of the first Rivazza turn, appearing to briefly put all four wheels across the white line at the track's edge – although footage from Leclerc's car is unclear that this happened. Had Leclerc opted to press on, Verstappen would have been entitled to try and repass before the first safety car line (the lap was considered to be in effect another formation lap despite the lack of standing start), but the Ferrari driver also would have been permitted to race to the line as he would have had taken over as head of the queue. In any case, Leclerc felt Verstappen "always had one wheel on the track" and so did not attack, but Norris, who was running behind the two leaders at the time of the … [Read more...] about Norris: Leclerc should have passed Verstappen at Imola restart
The Aston Martin driver was hit with a 10-second penalty after his team failed to fit the wheels on his car before the five-minute signal ahead of the start of the race. However, the penalty was only announced after lap 22 of the race, and the delay compromised Vettel's chances at the time. Although Vettel went on to retire from the Imola race on the penultimate lap, the four-time champion was still frustrated by the FIA's speed in announcing the penalty. "Obviously the guys tried everything on the grid and I think they did really well, they were really alert," said Vettel of his pre-race problems. "I think we could have had a better race if the FIA was more alert because I think we broke a rule, I guess, that is why we got a penalty, but they didn't bother until way into the race, so by that time the penalty cost us a lot more than it would have done earlier in the race. "That is not very professional." Read Also: Emilia Romagna Grand Prix Driver Ratings … [Read more...] about Vettel: FIA “not very professional” in dealing with Imola penalty
The Mexican had qualified on the front row at Imola, but his hopes of a good finish were wrecked by a spate of incidents in the tricky conditions. He spun early on behind the safety car, and was then handed a 10-second stop/go penalty for overtaking rivals as he regained his original position. Later on in the race after the red flag restart, he spun once again – dropping him well down the order and leaving him 11th in the final result following Kimi Raikkonen’s penalty. Perez felt bad for his team and has vowed to learn lessons from what happened, as he admitted that he was left on the backfoot by having his first experience of running a Red Bull car in wet conditions. Speaking after the race, Perez said: “Basically it has been a very bad day and a bad job. I am very sorry to the team, so I am looking forward to learning from what went wrong. “I didn’t know this car in these conditions and it took a lot to put the right temperature into the tyres in the early … [Read more...] about Perez “very sorry” to Red Bull for Imola F1 woes
Home Two wheelers oi-Promeet Ghosh By Promeet Ghosh Published: Tuesday, April 20, 2021, 15:43 [IST] Triumph Motorcycles India, earlier this month, launched the much-awaited Trident 660 motorcycle in the country at an introductory price of Rs 6.95 lakh, ex-showroom (India). The company also announced a low EMI scheme of Rs 9,999 for the new motorcycle. However, the company is now offering some accessories as after-market fitments for the Trident 660. So what all is the company offering as after-market accessories for the motorcycle? Triumph is offering tinted flyscreen for the Trident, it is also offering retro-styled bar-end mirrors, frame protection, front axle protectors, engine cover kit and tank pad. You can also fit your GoPro and control it with ease and it is also offering a USB charger. The street-naked motorcycle is offered in four colour options: Crystal White, Sapphire Black, Matt Jet Black & Silver … [Read more...] about Triumph Will Offer A Number Of Accessories For The Trident 660: Here Are All The Details!