Why Ron Dennis had to step down after 35 years at the helm of McLaren

2017 McLaren 570GT review
Andrew Hard/Digital Trends
Ron Dennis has resigned from McLaren after leading the group for 35 years.

The 69-year old explained he didn’t want to leave his position, but he was ousted by fellow shareholders after he lost an internal argument. While official details are few and far between, sources familiar with the matter told the BBC that McLaren shareholders no longer agreed with Dennis’ autocratic style of management and his plans to leave niche status by growing the brand over the coming years.

Notably, Dennis was allegedly working on a controversial plan to sell the McLaren Technology Group to a Chinese firm for 1.65 billion pounds, a sum that converts to approximately $2.1 billion. An earlier report claims top executives nearly sold McLaren’s car-building division — or at least a chunk of it — to Apple, but a spokesman for the company denied the rumors.

Dennis will continue to call some of the shots at McLaren even if he’s no longer officially in charge. He’s still a member of the McLaren Technology Group and McLaren Automotive boards, and he owns 25 percent of the group. Fifty percent of McLaren is owned by an investment fund based in Bahrain, while the remaining 25 percent is owned by Mansour Ojjeh, Dennis’ former friend and business partner.

“My first concern is to the business I have built and to its 3,500 employees. I will continue to use my significant shareholding in both companies and my seats on both boards to protect the interests and value of McLaren and help shape its future,” he affirmed in a recent interview with the BBC.

Dennis added he plans on launching a technology investment fund as soon as his contract with McLaren expires. As of writing the shareholders haven’t revealed who will replace Dennis at the head of the company.

Cars

Pininfarina Battista is a 1,900-horsepower, 250-mph electric supercar

The Pininfarina Battista will be the first production car from famed Italian design firm Pininfarina. Named after company founder Battista Pininfarina, it has a claimed 1,900 horsepower and a $2.5 million price tag.
Mobile

Apple's iOS 12.1.1 makes it easier to switch cameras in FaceTime

After months of betas, the final version of iOS 12 is here to download. The latest OS comes along with tons of new capabilities, from grouped notifications to Siri Shortcuts. Here are all the features you'll find in iOS 12.
Gaming

‘Fortnite’ streamer reportedly arrested after abusing wife while on Twitch

An Australian Fortnite streamer who goes by the name MrDeathMoth abused his pregnant wife while he was live on Twitch. An anonymous cybersecurity expert took matters into his own hands, resulting in the arrest of the streamer.
Digital Trends Live

CEO of shoe startup OB/VS talks about exploration-focused footwear

Today we had the founder of OB/VS Kelly Dachtler to talk about why he wanted to start a footwear company, what makes the shoes his firm manufactures unique, and what future products are in store.
Cars

Thinking of opting for a car with a diesel engine? Here's what you need to know

Modern diesel-powered models prove that it is possible to build a clean, efficient diesel engine without sacrificing performance. Here's what you need to know about diesel cars, and how they differ from gasoline-powered models.
Cars

Best Products of 2018

Our reception desk has so many brown boxes stacked up, it looks like a loading dock. We’re on a first-name basis with the UPS guy. We get new dishwashers more frequently than most people get new shoes. What we’re trying to say is: We…
Cars

NYC mandates minimum wage for Uber, Lyft, other app-based rideshare drivers

New York City's Taxi and Limousine Commission approved a rule that drivers for companies such as Uber and Lyft must be paid at least minimum wage, even though they are independent contractors. The new pay rate includes operating costs.
Cars

These winter-warrior cars will never leave you out in the cold

Snow can be an absolute pain if your vehicle isn't optimized to handle that sort of terrain. If brutal snowstorms are an annual part of your life, we recommend you pick up one of these winter-ready vehicles.
Cars

2020 Toyota Supra caught hiding in a trailer without a shred of camouflage

Toyota's plan to once again lure enthusiasts into showrooms involves bringing back the Supra, one of its most emblematic nameplates. Here's what we know so far about the upcoming coupe, which Toyota is developing jointly with BMW.
Cars

LM Industries’ autonomous shuttles head to Phoenix, Sacramento campuses

LM Industries will deploy Olli low-speed autonomous shuttles at school campuses in Arizona and California as part of its ongoing "fleet challenge," which asks local groups to propose uses for autonomous vehicles.
Cars

Bosch’s CES-bound shuttle concept takes us on a trip to a not-too-distant future

Bosch envisions a future in which driverless shuttles occupy their own market segment. The German firm won't build the shuttles, but it wants to provide everything else, ranging from the drive system to the apps used to hail them.
Emerging Tech

A lidar-equipped truck knows exactly how much de-icer to apply on roads

Lidar is best known as the laser-based technology that helps self-driving cars sense their surroundings. But the city of Knoxville has another, more seasonal use for it: De-icing roads.
Cars

Driving a prototype 2020 Passat at Volkswagen’s Arizona Proving Ground

Volkswagen’s Arizona Proving Ground is where new cars are tested to the breaking point, including the 2020 Passat midsize sedan. Ride along as the new Passat completes testing ahead of its 2019 launch.
Product Review

Boring takes a back seat as 2019 Corolla Hatchback mixes fun with practicality

We drive the 2019 Toyota Corolla Hatchback, the latest hatchback to bear the Corolla name. As the best-selling nameplate in automotive history, Toyota has high expectations to meet. This model mostly lives up to the legacy.