2018 Mclaren 720s Performance on 2040-cars

Auto blog

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 has a backup plan in case Alonso leaves

MONZA, Italy (Reuters) - McLaren have backup plans in place should Fernando Alonso leave the team at the end of the Formula One season in November, executive director Zak Brown said on Friday. "Negotiations are ongoing and they are going very well," the American told reporters at the Italian Grand Prix. "But you've got to have a Plan B and C in the event you don't reach an agreement. And we've got those plans." Double world champion Alonso, who is out of contract at the end of the year, is reportedly considering his options after becoming frustrated with Honda's inability to produce a competitive engine. Both the Spaniard and the team have denied, however, that he has told them that he will not stay if the team sticks with the Japanese manufacturer. McLaren's engine options appear to be as limited as Alonso's, however. McLaren's only realistic alternative to Honda is Renault, if Red Bull-owned Toro Rosso free up a supply of the French manufacturer's power units by switching to Honda. The only teams who might be in a position to offer the 36-year-old a seat - notably Williams, Renault or Force India - have either not won a race in years or not at all. Renault F1 bosses were seen entering the McLaren motorhome at Monza on Friday, increasing speculation that a deal was being struck, although Brown made light of the situation. "They have my Lotus 98T engine that I'm waiting for them to rebuild, so I was asking about that," he said. "They do have it, that's a fact." He would not comment on any talks with Honda. Some media reports have indicated that Toro Rosso need a decision this weekend but Brown said that was not the case for McLaren. "Nothing's finalised," he said. "We don't have to make a decision this weekend. I can't speak for Toro Rosso." Brown said the decision would be a sporting one primarily with McLaren, who last won a race in 2012, needing to be back on the podium. He did not rule out Honda raising their game in time for next season. "They're spending more money, so they're doing what it takes to be more competitive. They're doing different stuff now... they've acknowledged they are working with some outside consultants," he said. "We are going to sit down next week with guys that are much smarter on power units than myself and take a view on what we see their plans are and what they've accomplished and then take a view," added Brown (Reporting by Alan Baldwin; Editing by Christian Radnedge) Related Video: This content is hosted by a third party.

Awaiting Chevy Trailblazer, driving Ford Ranger | Autoblog Podcast #580

In this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Consumer Editor Jeremy Korzeniewski and Green Editor John Beltz Snyder. First, they discuss the news, including the Chevy Trailblazer, Ferrari to stop providing Maserati with engines, an upcoming Ferrari Hybrid, Elon Musk's sex jokes and the reveal of the McLaren GT. They also talk at length about a couple vehicles they've been driving: the Kia Niro EV and the Ford Ranger. Autoblog Podcast #580 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Rundown Chevy Trailblazer could be coming to the U.S. Ferrari to stop supplying engines to Maserati Ferrari to reveal a hybrid supercar Sex on Autopilot McLaren GT revealed Cars we're driving: 2019 Kia Niro EV 2019 Ford Ranger Feedback Email – Podcast@Autoblog.com Review the show on iTunes Related Video: Green Podcasts Chevrolet Ferrari Ford Kia Maserati McLaren Tesla Truck Coupe Crossover Hatchback Electric Future Vehicles Hybrid Off-Road Vehicles Performance Supercars