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McLaren Elva is the next Ultimate Series model, with 800 horsepower

McLaren's latest Ultimate Series hypercar has been revealed, and its name is Elva. The McLaren Elva is an open roadster named and themed after the open race cars built by founder Bruce McLaren and the Elva sports car company in the 1960s. This new car is the lightest and one of the quickest cars from McLaren yet. The new Elva's resemblance to the classic race car is clear with undulating, exaggerated wheel arches, discreet rear air scoops, low nose and completely exposed cockpit. But it has trademark design cues from modern McLarens such as the squinting headlights, slender taillights and a tail dominated by air vents and a diffuser. The Elva has no roof or windows, but it does have McLaren's typical butterfly doors, and a windshield will be available as an option. Hidden under the voluptuous body is a version of the McLaren Senna's twin-turbo 4.0-liter V8, but thanks to a high-flow exhaust, it now makes 804 horsepower and 590 pound-feet of torque. It's coupled to a seven-speed transmission that sends power to the rear wheels only. McLaren says the engine will propel the car to 62 mph in under 3 seconds, and it will hit 124 mph (200 kph) in 6.7 seconds, which is faster than the Senna. This is in part made possible by the Elva being the lightest McLaren road car yet. A final weight hasn't been announced, but we know it's less than the 2,900-pound Senna. Much of the credit for the weight savings goes to the new carbon fiber chassis and body, plus the lack of any kind of driver enclosure. McLaren doesn't even include an audio system as standard (it's a no-cost option) to help keep the weight down. The seats are made of carbon fiber. Even the brakes, which are based on the already light setup in the Senna, get titanium calipers that save about two pounds in total. While light and serious, McLaren has still tried to make the driving experience reasonably comfortable. It has implemented a fancy set of vents, vanes and deflectors in the front of the car called the McLaren Active Air Management System to channel air around the passenger compartment. That way, the "cabin" is still tolerable even if you're not wearing a full-face helmet. If you do decide to wear a helmet, there is a storage area under the cowls behind the seat that has space for your headgear. The seats can be covered in a variety of materials from leather with additional protective coatings to a new durable, breathable fabric.

McLaren F1 designer Gordon Murray creates his own car company

Famed automotive designer Gordon Murray has announced he's launching a new vehicle manufacturing company that will focus on taking innovative car designs into limited-run production. Gordon Murray Automotive says its first car will be a flagship model launched under a new brand that it says will go against the trend toward more complicated, heavier-weight vehicles. Murray is the South African-born automotive engineer and designer of the McLaren F1 who more recently was working on the T.27, a tiny electric city three-seater. The new company is positioned as part of a corporate organization and a sister company to Gordon Murray Design. "The new manufacturing business significantly expands the capabilities of our group of companies," Murray said. "With our first new car, we will demonstrate a return to the design and engineering principles that have made the McLaren F1 such an icon." Murray said its cars will be built on a new version of its highly efficient iStream manufacturing process, which derives heavily from Formula One construction and materials technologies to make low-weight vehicles that require less energy and less factory space to produce. It describes the process thusly: "An iStream chassis is essentially a hybrid structure consisting of a metallic frame (iFrame) and composite sandwich panels (iPanels). The basic concept is to use the iFrame to form a basic skeleton to locate all the local attachment points such as powertrain, steering, suspension and occupant seats etc. The iFrame alone does not meet the performance demands of a modern car, so we then stabilise the iFrame by bonding the highly rigid (iPanels) onto the metallic members so they then act as very stiff shear panels." The process was used on the TVR sports car, which Murray's firm said was as much as 300 kilograms (660 pounds) lighter than others in its class: Murray designed F1 cars that won more than 50 grands prix. Like Lotus, he is obsessed with weight reduction, and has recently worked on small-car projects like the Yamaha Sports Ride Concept. Autocar says Murray aims to keep the cost of his new vehicles low through use of the iStream process, and has said his ideal supercar would weigh less than 2,000 pounds. Whether that's the flagship he speaks of remains to be seen.

McLaren profits could quadruple on strength of P1

McLaren has had success on the track for the last 50 years, but its recent move into also building road cars full time is paying big dividends. The British automaker says that it expects revenue to double this year and pre-tax profit on deliveries to be four-times higher, thanks in no small part to selling out of its million-dollar P1. "It's the main year in which we deliver McLaren P1s. You can expect quite a strong impact on our turnover and profits," said McLaren Chief Financial Officer Paul Buddin to Bloomberg. The business announced in November 2013 that it had sold the entire 375-car production run of the P1 sooner than it had originally planned. Since launching the MP4-12C, McLaren has made it no secret that it wants to keep its product fresh by launching a new model each year. It initially followed the 12C coupe with the 12C Spider and P1, and this year, it has the 650S, while the 12C is reportedly being phased out. Next year's introduction is expected to be the Porsche-fighting P13. P14 and P15 models, plus a more powerful 650S, are rumored to be even farther down the track. In just a few years of building production cars, McLaren has shown that it can already construct a vehicle with world-class performance. Its next step is growing the company's sales further. It hopes to move around 4,500 units annually in the next two or three years. With over a hundred grand prix wins in its history, the team is showing it's got a good shot at translating racing victory into financial success. Featured Gallery 2015 McLaren P1: First Drive View 39 Photos News Source: BloombergImage Credit: Copyright 2014 Matt Davis / AOL Earnings/Financials McLaren Performance mclaren p1 mclaren 650s mclaren p13