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How McLaren will double its output this year

McLaren Automotive is aiming to almost double its output this year, to 3,000 cars, and hit 4,000 cars per year by 2017. That's over 50 percent of Ferrari's annual production, yet the current McLaren Automotive is only six years old, based about 40 miles southwest of London in Woking. In pursuance of its lofty plans, McLaren recently announced a massive expansion its operations and is hiring another 250 assembly staff for a second shift, which will bring its total headcount to 1,750. Is it chutzpah, or rank stupidity? McLaren made just 1,654 cars last year, including the last of the 570-strong run of P1 supercars, which had an average transaction price of $1.35 million each, and all 40 or so track-only P1 GTRs, which sold for over $288 million. January saw the last P1 GTRs running down the track at Woking. Is it chutzpah, or rank stupidity? And while these cars cannot have been cheap to design and build, it's not hard to see how profitable they will have been. Given that much of the research and development (R&D) will have been amortized in the years up to the 2013 launch of the P1, the profit level has soared in subsequent years. In 2014, its second year of profit and under the leadership of chief executive Mike Flewitt, McLaren Automotive generated a profit before tax of $21.7 million, compared to $6.53 million in 2013. Turnover grew from $413.6 million in 2013 to $688.9 million in 2014. To be fair, the company is investing almost 20 percent of that turnover in R&D ($132.9 million in 2014, $97 million in 2013) and it says that level of spend as a proportion of turnover will continue, with last year's R&D cost estimated at $173.7 million. View 22 Photos In its defense, McLaren says that as a late comer it is still growing in China, which Flewitt has said could well be McLaren's second largest market in 2016 after the US and ahead of the UK and Germany. He also says that the company's growth plans are based on actual orders rather than theoretical expectations, and that since it is (and has been) profitable at 1,500 cars per year, there is some protection against a downturn. But the cars it has to sell this year are a far cry from the exotic and phantasmagorical P1 or the P1 GTR, which were only sold to existing P1 owners. The Sports Series, while being based on shared carbon-fiber tub and the same Ricardo-built 3.8-liter twin-turbo V8 engine and seven-speed twin-clutch transmission, is a much cheaper car.

McLaren reveals that its next Ultimate Series car is indeed a roadster

It turns out the rumor was true, the next McLaren Ultimate Series car, which is the group of cars including the Senna, Speedtail and P1, will be a roadster. The company revealed the preview rendering above, though it hasn't announced a name. Of course one of the most distinctive parts of the car is the complete lack of both a roof and a windshield. The styling is clearly McLaren with small headlights and a highly curvaceous body. Thankfully, the design looks closer to the Speedtail and GT than the over-styled Senna. Part of what will make this car worthy of the Ultimate Series moniker is the claim that this will be the lightest McLaren road car to date. For reference, the Senna is one of the lightest cars in the McLaren lineup right now at just under 2,900 pounds. On the topic of the Senna, the new roadster will use "the same twin-turbo V8 engine." So it likely will make the same 789 horsepower and 590 pound-feet of torque as that supercar. McLaren says the goal of this car is to provide the most involved, connected drive of its top-tier supercars. McLaren will reveal more details and photos of the car at its official debut sometime in 2020. It should finally have a name then, too. Prospective buyers will want to act quickly, as only 399 examples of the car will be built.

Jenson Button expected to announce F1 retirement

One of the biggest question marks looming over the Formula One paddock has been over what will become of Jenson Button. The former world champion has struggled to perform of late, and as one of the oldest drivers on the grid, is nearing the end of his career. And according to the Daily Telegraph, he's about to announce his retirement. Button has been on the grid every season since his debut with Williams in 2000. But as his current team McLaren has fallen off pace, so has Button – particularly as both struggle to work out the kinks in the new Honda engine package. And unlike Benjamin Button, he's not getting any younger. With the benefit of his own considerable experience, Button won out over his previous teammate Kevin Magnussen to keep his race seat after Fernando Alonso arrived in Woking. But while he's enjoyed Honda's support, team principal Ron Dennis has reportedly turned sour on Button's staying with the team, preferring to promote a younger driver in Button's place. Rather than leave it up to the team to decide, however – or seeking a drive with another team – word has it that Jenson is preparing to go out on his own terms, and is set to announce his retirement at the Japanese Grand Prix this weekend. Button's departure would leave two questions open: For one, what will he do next? And for another, who will McLaren hire to fill his racing shoes? For Jenson's part, he could end up combining a drive at Le Mans with a television career. He's been linked to talks with Porsche, where other experienced F1 drivers like Mark Webber and Nico Hulkenberg have found success. But sources also point towards a potential Rallycross drive, and we wouldn't be terribly surprised to see him compete in GT racing for McLaren or the Super GT series for Honda. Affable and skilled in working behind the camera, Button has also been linked with potentially joining Chris Evans on the new cast of a rebooted Top Gear. As for McLaren, it has two emerging talents in reserve. One is the aforementioned Danish driver Kevin Magnussen, who raced for the team last season but was told to wait in the wings. After winning the pivotal Formula Renault 3.5 title in 2013, Magnussen impressed with a second-place finish on his F1 race debut in Australia last year. He could, however, accept a race seat with another team for next season rather than wait (as Button had to) for McLaren to make its decision.