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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 GT reveals new track-bound 650S Sprint

McLaren has been keeping itself busy over the summer preparing for Pebble Beach – especially at the Special Operations and GT divisions. The former will roll in to the Concours d'Elegance this month with a pair of specially prepared supercars, but it's McLaren GT that's sure to steal the spotlight. Because it will not only unveil the P1 GTR in Monterey this year, but also the 650S Sprint you see here. As we anticipated back in April, the 650S Sprint will replace the outgoing 12C Sprint as McLaren's new track toy. Slotting in between the road-going 650S and the new 650S GT3 racer, the 650S Sprint is optimized for the race track, but not homologated for any particular racing series. In other words, it's designed as a play thing for wealthy enthusiasts. Presented in an inverse color scheme to the 650S GT3, with black and orange over white bodywork, the new Sprint car features a number of upgrades over the road-going model. For starters, it's got more downforce and better cooling for the 3.8-liter twin-turbo V8. Though McLaren hasn't specified increased output, it has confirmed that both the engine and gearbox have been recalibrated for track duty. It's also got a competition-spec fuel tank with quick-fill cap, enlarged radiator, retuned suspension, Pirelli racing slicks on 19-inch center-lock wheels, upgraded brakes, on-board air jack system, fire suppression system and a stripped-out cabin with FIA-approved roll cage, HANS-ready racing buckets and six-point harnesses. Given that a large share of these are sure to find homes on tracks along the Persian Gulf, keeping the air conditioning system in place, despite the focus on saving weight, was probably a good idea. McLaren GT is pricing the 650S Sprint in the UK at GBP198,000 (including local taxes). That's negligibly few grand more than the road-going 650S (or, for that matter, the previous 12C Sprint), but since the 650S Sprint is confined to the track, it's a an even more indulgent purchase. TRACK-FOCUSED 650S SPRINT TO MAKE GLOBAL PREMIERE AT 2014 PEBBLE BEACH CONCOURS D'ELEGANCE McLaren GT has today confirmed that it will premiere its latest model at this year's Pebble Beach Concours d'Elegance, with the wraps set to come off the track-only 650S Sprint. The stripped-out racer will make its global debut alongside a number of other models from McLaren Automotive, and completes the brand's display with four global debuts planned for the Californian event, including the McLaren P1™ GTR.

Jaguar I-Pace named World Car of the Year

NEW YORK — The Jaguar I-Pace has been named World Car of the Year, an award meant to honor the most significant new car introduction and conferred by an international jury of automotive journalist judges. The group announced the winners of additional awards at the New York Auto Show, with the Audi A7 named World Luxury Car of the Year, the McLaren 720S recognized as World Performance Car of the Year, and the Suzuki Jimny named World Urban Car. The I-Pace additionally took home two other awards: World Car Design of the Year and World Green Car of the Year. The WCOTY team of 86 jurors hail from 24 countries, and the organization is independent and not tied to any publication. This is the 15th year for the awards. For this year's World Car of the Year award the top three finalists were the I-Pace, the Audi E-Tron, and the Volvo S60/V60. Previous WCOTY winners were the Volvo XC60 in 2018 and the Jaguar F-Pace in 2017. View 74 Photos