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McLaren will fight to stay independent

Only one major manufacturer in the competitive set for McLaren cars is independent. The rest - Audi, Bentley, Bugatti, Ferrari, Lamborghini, Porsche - are owned by mass-market conglomerates. The sole exception is Aston Martin, a small company constantly overcoming the challenges of its independence, now partly with the help of Daimler. McLaren vows to stay solo, though. Its executive director of sales and marketing said that having no one else to answer to helps keep it "very quick to move," with "product development life cycles [that] are very efficient." The company wants to sell 4,000 cars per year by 2017, and it's more than a third of the way there before it's 'volume' model, the 570S, hits dealerships. Last year the company sold 1,648 cars around the world and pegs annual production of the 570S at 2,500 units. The automaking side has done surprisingly well, surprisingly quickly. It only started making cars in 2011 and it turned a profit in 2013. That first car, the MP4-12C, has already morphed into the even better 650S, and McLaren offered 12C buyers a free upgrade. Since then we've been introduced to the P1, the P1 GTR, the 670S, the 675LT, and the 570S, while markets like China get the 650S and the 540C. That's seven vehicles on sale right now, not including race-only options like the 650S GT3, on top of an expanding global dealer network, all done in four years. Having done so well this far, independence would indeed seem to be the only option. Related Video:

McLaren's entry-level P13 will be called Sports Series

McLaren is dropping its alphanumeric model-naming scheme when it comes to its upcoming model to slot into the bottom of the brand's supercar lineup. Unlike the 650S or P1, the vehicle previously known as the P13, is now rechristened with an actual title as the Sport Series. The announcement comes in conjunction with a somewhat bizarre new teaser video that compares the future supercar to a black swan. It's the, "symbol of a moment that challenges beliefs and turns thinking upside down," according to the clip. That seems like a pretty big promise, but McLaren also confirms that the Sports Series is primed for a global unveiling in the second quarter of 2015 with a carbon-fiber chassis and mid-mounted V8. Hard facts about the supercar haven't been easy to come by. Company spokesperson Wayne Bruce confirmed to Autoblog this year that the price would be "around two thirds of what a 12C would cost you today." Multiple body styles have also been suggested, including a coupe, convertible and possibly even a larger GT version. Earlier rumors also indicated that the turbocharged V8 might be detuned down to around 450 horsepower, compared to 641 hp from the 650S. The switch to using a real name for the model rather than a mix of numbers and letters certainly signals it as something different from the rest of the brand. Scroll down to read the McLaren's announcement and check out its rather weird teaser clip. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. McLAREN CONFIRMS MUCH ANTICIPATED SPORTS SERIES WITH GAME-CHANGING LAUNCH CAMPAIGN Nov 6, 2014 McLaren Sports Series to make global premiere in 2015 Third model in the range will be a pure McLaren View the Sports Series launch film at http://youtu.be/0ff_kV1wqYE Follow the campaign at cars.mclaren.com and join the conversation – #BlackSwanMoments Scheduled to premiere on the world stage in the second quarter of 2015, McLaren has now confirmed that its latest model, previously referred to only by its internal codename 'P13', will be known as the McLaren Sports Series. It will join the range below the 650S, bringing McLaren credentials and exclusivity to the sportscar segment for the first time. The launch campaign will plot the history over 13 chapters of true game-changing – Black Swan – moments from around the world and within McLaren's.

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