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McLaren offers some more detail about its hyper-GT F1 successor

We do know the BP23 will have a hybrid powertrain and the title of most powerful and aerodynamic road-going McLaren ever. What the hell does BP23 mean? McLaren dribbled out a little more info Wednesday on its upcoming "hyper-GT" car that's due in 2019. BP2 actually means this is McLaren Special Operations' second "bespoke project" and the 3 denotes that it has three seats. Pretty simple, eh? The company will not likely use the BP23 name in production. All of these future supercars are pre-sold, McLaren says. The owners will get to personalize their cars down to the color, trim, and materials. The new sketch, released as part of the naming explainer, shows swoopy lines and big wheels. It sure looks cool, but it's a sketch. It does look to be a bit of a departure from McLaren's current design language. Perhaps the fenders are a bit more dramatic? It's clearly too early to tell. We do know the BP23 will have a hybrid powertrain and the title of most powerful and aerodynamic road-going McLaren ever. As we reported last week, the BP23 is being pitched as a successor to the three-seat McLaren F1. McLaren made 106 F1s, and the same number of BP23s will be produced. Symmetry is worth something. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

UPDATE: Formula 1 Halo protector surely saved a life at Belgian Grand Prix

The hotly-debated F1 halo cockpit protection structure got much attention over the weekend, as the one mounted on Charles Leclerc's Sauber appears to have successfully deflected Fernando Alonso's McLaren from hitting Leclerc on a first-lap incident at the Belgian Grand Prix. The scrapes on the Sauber's halo work well to convert former disbelievers into supporting the structure. There is a real chance Leclerc could have been seriously hurt or killed in the crash, but as it happened, the incident only meant the end of the race for Leclerc, not a season, career or life. The image tweeted by the official F1 account speaks volumes: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Later, F1 tweeted this pretty wild 360-degree video from Leclerc's car: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. And as "Top Gear" presenter Chris Harris tweeted: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Back when the season began, the Mercedes-Benz F1 team announced that the halo on the Mercedes car is strong enough to bear the weight of a double-decker London bus. As well as flying debris, detached wheels — and entire flying Formula 1 cars.   This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. 2018 Belgian Grand Prix: Race Highlights Related Video:

McLaren's global headquarters could be yours for $256 million

McLaren is giving rich enthusiasts and affluent investors a once-in-a-lifetime opportunity to own one of its most valuable tangible assets: its headquarters. Before you launch a GoFundMe campaign, keep in mind the next owner will be obligated to lease the property back to the carmaker for an undermined amount of time. Hit hard by the on-going coronavirus pandemic, McLaren commissioned Canadian real estate firm Colliers to sell its headquarters for GBP200 million, a sum that represents approximately $256 million at the current conversion rate. It's interesting to note the facility is worth about 13 times as much as a 1994 F1 LM-Specification. Located in Woking, which is about an hour from London, the property includes the McLaren Technology Center, the McLaren Production Center (where road cars are manufactured), and the McLaren Thought Leadership Center. There is also a small man-made lake, parking lots, several picturesque acres of grass, and thousands of trees. McLaren isn't moving. It will remain in Woking, but it will lease its headquarters from the person or company that purchases it. Details about the transaction, like how long the firm will lease the property for and how much it will spend per month, haven't been made public, unsurprisingly. However, it's reasonable to assume there will be a clause stipulating the next owner can't kick McLaren out to plant alfalfa or to open a Texas-style ranch. Executives are analyzing other ways to make money, reduce expenses, or both in the coming months. McLaren cut 1,200 jobs in May 2020, and it announced it sold only 307 cars between February and May, down from 953 the previous year. It secured a $185 million boost from the oil-rich National Bank of Bahrain, yet unverified rumors claim it's considering selling a relatively small stake in its Formula One team in order to free additional cash. Sale-and-leaseback deals aren't what we'd call common in the automotive industry, but McLaren's move isn't unprecedented. In 2012, PSA Peugeot-Citroen sold its historic headquarters on Avenue de la Grande Armee in the heart of Paris for about $327 million to raise cash; it still leases the building in 2020. And, in January 2004, troubled British carmaker MG Rover sold most of its Longbridge, England, site to a property developer with plans to rent it. It signed a 35-year contract, and optimistically added a renewal clause, but it shut down in April 2005. Earnings/Financials McLaren