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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 F1 GTR Longtail sells at Gooding for $5.28 million

Last month we reported on a very rare McLaren being put up for auction under the auspices of Gooding & Company. One of only 106 examples of the McLaren F1 ever made, one of only 28 made in GTR competition spec, and one of just ten longtail versions, chassis number 021R won FIA GT Championship races in Germany and Finland, making it one of the most successful F1 GTRs ever campaigned and earning its place in the pantheon of McLaren lore. With original livery in immaculate condition, this rare McLaren F1 GTR Longtail sold this weekend in Scottsdale, Arizona, for $5.28 million. Which may seem like a lot of money – and by any account, it surely is – but comes in at the low end of the pre-sale estimates that placed its value at between $5 and $7 million. To put that into proper McLaren perspective, consider that the same amount could buy you a full grid of ten 12C Can-Ams, five examples of the new McLaren P1, or probably get McLaren to build you your own custom creation like the X1. Check out the live images from the scene in the gallery above. Featured Gallery 1997 McLaren F1 GTR Longtail View 28 Photos Image Credit: Copyright 2014 Drew Phillips / AOL McLaren Auctions Coupe Racing Vehicles mclaren f1 gtr

Chris Harris gets his mitts on McLaren 675LT at Silverstone

When McLaren came out with the 650S, it boasted that it was already more powerful not only than the Ferrari 458 Italia, but more potent than the 458 Speciale as well. You'd think that would have meant that Woking's work was done, but the British racing team turned supercar manufacturer has never been one to leave well enough alone – especially now that Maranello has followed Woking's lead with the twin-turbo V8-powered 488 GTB. Hence the 675LT, which Chris Harris drives in his latest video. Based on the same Super Series underpinnings as the 650S, the 675LT is not so much an exercise in "less is more," but rather "less and more." It's got less weight and less electronic intervention, but more power, more downforce, and more grip. It's also more exclusive, with only 500 to be built and every last one of them already spoken for as production gets under way. Letting the auto scribe and video host known as Monkey get his hands all over it and slide it all over Silverstone, then, doesn't so much represent a chance for McLaren to boost sales, but to show off what it can do. And for us, in turn, to enjoy the visual benefits of those efforts. (The biggest geeks among us will want to watch till the very end of the nine-minute clip for an up-close look at the specific components McLaren has developed for the Longtail model.) So settle down, turn up the volume, and click Play to see what Harris has to say about Woking's latest. Related Video: