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McLaren Automotive posts first yearly profit

The automotive division of McLaren has just returned its first yearly profit, netting 4.5 million pounds ($7.5 million at today's rates) in pre-tax profit and 12.4 million pounds ($20.7 million) in operating profits on revenue of 285.4 million pounds ($478.1 million). McLaren is only expecting things to get better, too, with the announcement of the sub-650S P13 set to increase sales to 4,000 units per year. As for the brand's latest model, the 650S, there are already over 1,000 orders for the new coupe and convertible. The British brand will also offer a limited run of track-based P1 hypercars, although they'll only be available to the 375 fabulously wealthy customers who ordered the road-going version of the high-performance hybrid. Part of making money is reinvesting, which is why McLaren saw its research spending jump by 2.5 million pounds ($4.1 million) in 2013, to 70.6 million pounds ($118.2 million). Take a look below for the official press release from McLaren. McLAREN AUTOMOTIVE ON TARGET FOR LONG-TERM SUCCESS Jun 4, 2014 Key information: Profit before tax - GBP4.5m Operating profit - GBP12.4m Turnover - GBP285.4m (up from GBP266.6m) Investment in future models - GBP70.6m (up from GBP68.1m) Turnover and profit both expected to grow in 2014 McLaren Automotive's next model, codenamed P13, to go on sale during 2015 Limited run of track only McLaren P1™ hypercar confirmed for introduction in 2015 McLaren 650S international sales already strong – more than 1000 orders received McLaren Automotive made both an operating and pre-tax profit for the first time in 2013, during only its third year of car production. This is a significant achievement for an independent British car company operating in such a highly competitive global market. McLaren Automotive's improved profitability proves the company's longer term business model, which is able to invest continuously in R&D in order to develop and sell the world's most exciting and technologically advanced high performance cars. McLaren Automotive has also confirmed that its next all-new sportscar, codenamed P13, will be available before the end of 2015 and will take its range into a lower price-point - making McLaren more accessible, while retaining its commitment to excellence, performance and innovation. P13 will be a comfortable, usable, and beautiful mid-engined two seater sportscar, built around a carbon fibre chassis.

McLaren 570S priced at $184,900

McLaren broke new ground when it launched the new 570S at the New York Auto Show this week, moving in into lower-priced but higher-volume territory for the first time. But that's just the tip of the proverbial iceberg: there will be an entire Sports Series to follow, with additional body styles and more affordable (a relative term in this case) levels of specification. The second model, dubbed 540C, is set to debut at the Shanghai Motor Show. US dealers will exchange $184,900 for keys to a 570S, which is $2,200 more than Porsche's base price for the 911 Turbo S. Based on 540C pricing already announced in the United Kingdom, we estimate that model will cost about $160,000 if it comes Stateside. The 540C is to the 570S as the Asian-market 625C is to the 650S. The smaller number designates a lower level of equipment and a little less power, but also a lower price tag. In the case of the 540C, that's 533 horsepower instead of 562 hp. The carbon-ceramic brakes on the 570S will most certainly disappear from the standard features list for the 540C, among other features. Of course that doesn't mean the 540C will be offered Stateside. The 625C at the bottom end of the Super Series is only offered in Asia, and with the new 540C set to be unveiled at the Shanghai Motor Show later this month, McLaren could follow a similar formula. Show full PR text McLAREN 570S: A NEW BENCHMARK FOR THE SPORTS CAR MARKET PREMIERES IN NEW YORK · Sports Series completes the McLaren three tier model range, priced from $184,900 · Highest power and lightest car in the sports car segment by almost 150 kg (331 lbs) means a class-leading power-to-weight ratio of 434PS per ton (5 lbs per hp) · Two examples of the 570S unveiled in New York showcase some of the customization options available with the new 'By McLaren' designer interiors The all-new McLaren Sports Series brings McLaren race-derived technologies and supercar driving exhilaration to the sports car market for the first time. Launching with two power outputs, the Sports Series offers class-leading performance, lightweight construction including a carbon fiber chassis, recognizable McLaren design values and a comprehensive specification list. Pricing for the higher-powered 570S, shown for the first time at the New York International Auto Show, will retail from $184,900 USD. Global deliveries of the Sports Series will commence later this year.

McLaren confirms Alonso's return for Malaysia

Formula One will have one more multiple world champion on the grid in Malaysia as McLaren has confirmed that Fernando Alonso will indeed be returning to the cockpit this weekend. The former two-time champ suffered a major crash during pre-season testing in Barcelona a month ago, and subsequently sat out the season opener in Australia earlier this month. The team refuted rampant rumors that there had been some sort of electrical glitch related to the hybrid Energy Recovery System that caused Alonso to pass out behind the wheel, insisting that nothing out of the ordinary occurred. Since the crash, McLaren reports that its star driver "has followed a rigorous, specialised training programme, designed and closely monitored by leading sports scientists, to ensure his safe and timely return to racing." He visited the team's headquarters in Woking, England, where he met with his engineers and spent some virtual time behind the wheel of the team's state-of-the-art simulator. That means this weekend will mark Fernando's first time racing for McLaren since the end of 2007 when he spent one season with the team, before returning to Renault, with which he had won his two world titles. After two more seasons, he switched to Ferrari, but after failing to emerge from Red Bull's shadow in the seasons that followed, Alonso returned to McLaren. It's a difficult time to be driving for the British team, though: after dismal pre-season testing mired by Alonso's crash and mechanical difficulties related to the new Honda engine, his substitute Kevin Magnussen failed to make it to the starting grid in Melbourne while team-mate Jenson Button managed to finish, but no better than dead last. News Source: McLaren Motorsports McLaren F1 malaysian grand prix