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Fernando Alonso to miss Australian Grand Prix

Fernando Alonso hasn't missed a Formula One race since the tire debacle at 2005 United States Grand Prix, but he won't be racing at the upcoming season-opener in Australia this month. The two-time world champion suffered a concussion in a crash during a pre-season test session in Barcelona late last month and was airlifted to a local hospital. He was subsequently released and went home to recover, but sat out the following test session. Now McLaren has announced that while he's recuperating nicely, his doctors have advised him to avoid a situation that could put him back in harm's way for the time being. McLaren and Alonso hope that he'll be back to racing condition in time for the second round at the Malaysian Grand Prix at the end of the month. But in the meantime Kevin Magnussen, who drove for the team last season before being bumped down to test and reserve driver, will drive the new Honda-powered MP4-30 at the Australian Grand Prix alongside Jenson Button.

McLaren profits could quadruple on strength of P1

McLaren has had success on the track for the last 50 years, but its recent move into also building road cars full time is paying big dividends. The British automaker says that it expects revenue to double this year and pre-tax profit on deliveries to be four-times higher, thanks in no small part to selling out of its million-dollar P1. "It's the main year in which we deliver McLaren P1s. You can expect quite a strong impact on our turnover and profits," said McLaren Chief Financial Officer Paul Buddin to Bloomberg. The business announced in November 2013 that it had sold the entire 375-car production run of the P1 sooner than it had originally planned. Since launching the MP4-12C, McLaren has made it no secret that it wants to keep its product fresh by launching a new model each year. It initially followed the 12C coupe with the 12C Spider and P1, and this year, it has the 650S, while the 12C is reportedly being phased out. Next year's introduction is expected to be the Porsche-fighting P13. P14 and P15 models, plus a more powerful 650S, are rumored to be even farther down the track. In just a few years of building production cars, McLaren has shown that it can already construct a vehicle with world-class performance. Its next step is growing the company's sales further. It hopes to move around 4,500 units annually in the next two or three years. With over a hundred grand prix wins in its history, the team is showing it's got a good shot at translating racing victory into financial success. Featured Gallery 2015 McLaren P1: First Drive View 39 Photos News Source: BloombergImage Credit: Copyright 2014 Matt Davis / AOL Earnings/Financials McLaren Performance mclaren p1 mclaren 650s mclaren p13

McLaren ceases production of 12C to focus on 650S

If you raised an eyebrow in suspicion when McLaren insisted its new 650S would join its lineup in tandem with – and not as a replacement for – the MP4-12C, we're with you. The 650S is, after all, based closely on the 12C, distinguishing itself essentially with a revised shape, updated equipment and more power. And with the Spider version having debuted alongside the coupe in Geneva, there's really little room left for the 12C at all. Keeping both around at the same time would be like if arch-rival Ferrari offered both the old California and new California T (or the 360 Modena and the F430 that followed) at the same time. Yet McLaren has remained adamant that the 12C isn't going anywhere despite the arrival of the 650S. Or is it? Well, yes and no. Reports coming in from the UK indicate that, while McLaren will continue to offer the 12C to customers who order it, the company has actually ceased production of the older, less expensive version for the time being in order to gear up for producing the newer 650S. Keeping both models on the order sheet will likely cease once McLaren's upcoming entry-level model, dubbed P13, comes along. Essentially replacing the 12C with the 650S at that point will allow Woking to open up a bigger price difference between it and the new model, helping to differentiate between the two. In the meantime, the House that Bruce (or Ron) Built appears to be taking a similar approach to Pagani, which kept the Zonda on offer long after the Huayra came along.