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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.

Watch 14 hot rides take over concept car lawn at Pebble Beach

The Pebble Beach Concours d'Elegance is an annual celebration of the beautiful, old cars that grace Monterey Car Week. But Monterey – and Pebble – features lots of newer metal, too, and that includes the concept lawn at Pebble Beach. Now, "concept lawn" isn't a totally accurate name anymore, and you'll see why in the list below. This year especially, plenty of production cars can be found in the area once reserved for the conceptual. Still, we're happy to see them. Here's what's featured this year: Alfa Romeo 4C Spider Audi R8 BAC Mono Bentley EXP 10 Speed 6 BMW 3.0 CSL Hommage R Buick Avenir Galpin-Fisker Rocket Speedster Hyundai HCD-16 Vision G Coupe Icona Volcano Infiniti Q60 Lamborghini Asterion LPI 910-4 Maserati Ghibli McLaren 570S Rolls-Royce Wraith By our count, that's seven concepts out of fourteen cars. But it still makes for one hot group of metal. Check 'em out in the gallery above. Related Video: Related Gallery 2015 Pebble Beach Concept Car Lawn View 38 Photos Image Credit: Copyright 2015 Drew Phillips / AOL Design/Style Alfa Romeo Audi Bentley Buick Infiniti Lamborghini Lincoln McLaren Porsche Concept Cars Videos Original Video Pebble Beach

McLaren reportedly has another Ultimate Series car in the works - the P15

Automotive publication Autocar is reporting that McLaren has another new Ultimate Series hypercar in development that will be quicker than the P1. The publication says the car is called P15 and will be bare bones with a focus on function and lightweight to make it a monster on the track. The estimate Autocar gives for weight is under 2,900 pounds, and it estimates power to be about 789 horsepower from a version of McLaren's ubiquitous 3.8-liter twin-turbo V8. The publication doesn't say whether the P15 will use some kind of electric assist. If it's as basic and light as implied, there's a decent chance it won't be electrified. But McLaren has previously said it wants to have electrification in all of its cars within 10 years, and that was back in 2014, plus the P1 and the upcoming BP23 had and will have hybrid powertrains. So it would seem natural to give this P15 some form of hybrid motivation. There are reasons to believe this rumor. Back in 2014, McLaren did confirm to us a report, brought up by Autocar, that it was working on a car with the P15 designation. At the time, it was predicted that this car would fit between the top level Super Series car, which is now the 720S, and the P1, and cost roughly half a million dollars. That would at first seem to contradict this new rumor that the P15 will be quicker than P1, but perhaps McLaren will still position it lower if it's as bare bones and stripped out as Autocar suggests. Additionally, Autocar was right about a rumor that McLaren was working on a three-seat F1 successor. which turned out to be the aforementioned BP23. McLaren's CEO confirmed the car's existence and three-seat layout along with a few other details. Specifically, it will be the fastest, most powerful McLaren yet, it will use a hybrid powertrain, and McLaren will build only 106 units. Not long after came an official sketch revealing a sleek, slippery profile. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Related Gallery McLaren Special Operations P1 View 9 Photos News Source: AutocarImage Credit: Autocar Rumormill McLaren Coupe Future Vehicles Supercars mclaren p15 mclaren super series