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Surprise! McLaren and Honda finally call it quits

It's been coming for a long while, so it should surprise no one to learn that McLaren and Honda have finally called it quits. Sources confirmed to Motorsport.com and Sky Sports that the two companies have finally settled on a deal that will end a partnership that has been nothing but heartache and tears. McLaren has reportedly inked a three-year deal to use Renault engines, ending in 2020 along with the current engine regulations. This also means McLaren driver Fernando Alonso is likely to extend his contract beyond the end of this season. When Honda first announced it was returning to F1 with McLaren, fans had visions of Fernando Alonso and Jenson Button reliving the glory days of Ayrton Senna and Alain Prost in the late 1980s. The truth couldn't be further removed. At points, McLaren has struggled to make it the full race distance, much less win races and fight for championships. Frankly, it's been embarrassing for both Honda and McLaren. No one comes out a winner here. Honda has sullied any reputation it had in F1, while Alonso's talent and McLaren's engineering expertise were both wasted the past few seasons. According to Motorsport.com, McLaren will get the same engine parity as the factory Renault Sport team as well as Red Bull Racing. Assuming that McLaren can provide a competitive chassis, that should vault it at least into the middle of the pack. Team principal Zak Brown hasn't been quiet about his frustrations. After both McLaren drivers failed to finish in Italy, Brown told Sky Sports, "We need to get more competitive. This weekend showed we're not making any significant progress." Meanwhile, Toro Rosso will switch from Renault to Honda power, with Toro Rosso driver Carlos Sainz Jr. making the move to Renault. What that means for Red Bull's junior team is unclear. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

McLaren evaluating an EV hypercar for the P1 family

McLaren is evaluating a fully electric powertrain for a future Ultimate Series of model – a family that currently includes the P1 and P1 GTR (pictured above). The possible hypercar could give wealthy customers an ideal combination of insane performance and zero emissions. Look out for significantly more hybrids from the British sports car maker, too. McLaren doesn't have any specific details about the EV yet because the development is still in the early stages. "Our engineers have even started work on a one-off prototype to evaluate the possible benefits of a fully-electric powertrain in an Ultimate Series car," McLaren CEO Mike Flewitt said. The P1 already sports a hybrid powertrain, but the company wants to bring electrification to its less expensive Sports and Super Series models, too. "Our next hybrid vehicle will launch towards the latter part of our six-year plan, and we will see at least 50 percent featuring hybrid technology by 2022," Flewitt said. To fund so much powertrain development, McLaren's latest business plan includes investing a billion pounds ($1.4 billion at current exchange rates) over the next six years into research and development. Beyond electrification, the other fruits of that labor will be launching 15 cars or derivatives over that period and a new engine architecture around the end of that time. The company will have to deliver on plans to double output this year to continue putting so much money into vehicle development. Related Video: McLAREN AUTOMOTIVE LAUNCHES SIX-YEAR INVESTMENT PROGRAMME IN FUTURE PRODUCTS AND TECHNOLOGY Six-year 'Track22' Business Plan announced GBP1 billion investment in Research and Development over six-years of plan 15 all-new cars or derivatives under development At least 50 percent of McLaren cars to feature hybrid technology by 2022 Fully-electric prototype in the Ultimate Series under evaluation Just over six years after the company was formed, McLaren Automotive has announced details of its Track22 Business Plan, taking it through the next six years through to 2022. Maintaining a spotlight on the development of the world best drivers' cars, McLaren Automotive will continue to focus purely on the development of two-seater sports and supercars. At the heart of the Business Plan is a commitment to its industry-leading 20-25 percent of turnover invested in Research and Development for future products and technology.

McLaren will fight to stay independent

Only one major manufacturer in the competitive set for McLaren cars is independent. The rest - Audi, Bentley, Bugatti, Ferrari, Lamborghini, Porsche - are owned by mass-market conglomerates. The sole exception is Aston Martin, a small company constantly overcoming the challenges of its independence, now partly with the help of Daimler. McLaren vows to stay solo, though. Its executive director of sales and marketing said that having no one else to answer to helps keep it "very quick to move," with "product development life cycles [that] are very efficient." The company wants to sell 4,000 cars per year by 2017, and it's more than a third of the way there before it's 'volume' model, the 570S, hits dealerships. Last year the company sold 1,648 cars around the world and pegs annual production of the 570S at 2,500 units. The automaking side has done surprisingly well, surprisingly quickly. It only started making cars in 2011 and it turned a profit in 2013. That first car, the MP4-12C, has already morphed into the even better 650S, and McLaren offered 12C buyers a free upgrade. Since then we've been introduced to the P1, the P1 GTR, the 670S, the 675LT, and the 570S, while markets like China get the 650S and the 540C. That's seven vehicles on sale right now, not including race-only options like the 650S GT3, on top of an expanding global dealer network, all done in four years. Having done so well this far, independence would indeed seem to be the only option. Related Video: