McLaren are planning a 'giant step' forward as a company that will give their Formula 1 team more muscle to take on mighty Mercedes and Ferrari, group head Ron Dennis said after a dismal 2015 season on the track. The sport's second most successful team finished ninth out of 10 this year, their worst ever performance and first season of a new partnership with Honda. The former champions last won a race in 2012. Without a title sponsor, McLaren have seen some prominent partners depart to rivals and will lose out on tens of millions of dollars in revenues due to their lowly placing in the championship. Dennis said however that the group as a whole was doing well, with equity value of more...
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