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McLaren Automotive posts first yearly profit

The automotive division of McLaren has just returned its first yearly profit, netting 4.5 million pounds ($7.5 million at today's rates) in pre-tax profit and 12.4 million pounds ($20.7 million) in operating profits on revenue of 285.4 million pounds ($478.1 million). McLaren is only expecting things to get better, too, with the announcement of the sub-650S P13 set to increase sales to 4,000 units per year. As for the brand's latest model, the 650S, there are already over 1,000 orders for the new coupe and convertible. The British brand will also offer a limited run of track-based P1 hypercars, although they'll only be available to the 375 fabulously wealthy customers who ordered the road-going version of the high-performance hybrid. Part of making money is reinvesting, which is why McLaren saw its research spending jump by 2.5 million pounds ($4.1 million) in 2013, to 70.6 million pounds ($118.2 million). Take a look below for the official press release from McLaren. McLAREN AUTOMOTIVE ON TARGET FOR LONG-TERM SUCCESS Jun 4, 2014 Key information: Profit before tax - GBP4.5m Operating profit - GBP12.4m Turnover - GBP285.4m (up from GBP266.6m) Investment in future models - GBP70.6m (up from GBP68.1m) Turnover and profit both expected to grow in 2014 McLaren Automotive's next model, codenamed P13, to go on sale during 2015 Limited run of track only McLaren P1™ hypercar confirmed for introduction in 2015 McLaren 650S international sales already strong – more than 1000 orders received McLaren Automotive made both an operating and pre-tax profit for the first time in 2013, during only its third year of car production. This is a significant achievement for an independent British car company operating in such a highly competitive global market. McLaren Automotive's improved profitability proves the company's longer term business model, which is able to invest continuously in R&D in order to develop and sell the world's most exciting and technologically advanced high performance cars. McLaren Automotive has also confirmed that its next all-new sportscar, codenamed P13, will be available before the end of 2015 and will take its range into a lower price-point - making McLaren more accessible, while retaining its commitment to excellence, performance and innovation. P13 will be a comfortable, usable, and beautiful mid-engined two seater sportscar, built around a carbon fibre chassis.

McLaren launches 650S Le Mans edition, Sports Series to offer 4 variants

Even before you take other model lines into consideration, Porsche has done quite a job broadening its 911 range with an ever-expanding array of variants – from different engines and transmissions to distinct body styles. Little wonder, then, that its rivals are working to emulate the same model. Just the other day, we brought you news that Mercedes is planning to follow a similar formula with its 911-baiting AMG GT, and now it seems McLaren is preparing to go the same route as well. As we reported back in March, the upcoming McLaren Sport Series – which will take on the upper end of the 911 family – will be offered in multiple body styles. Just how many, exactly, we still don't know for sure, but Holland's Autovisie reports that the baby Mac will spawn "at least four variants" – which could explain the "Series" part of the nameplate. The first version we're expecting to see in New York will likely be the standard coupe. That will be followed by a Spider version just like there's been of the 12C and 650S. But those won't be the end of the story. This past June, reports suggested that McLaren was planning a GT version with an "unconventional trunk." Autovisie now reports that it'll encompass a luggage compartment fitted over the engine and accessible from the side, making the prospect of driving Woking's smallest every day a more realistic one – relatively speaking, that is. This could take the form of the Shooting Brake rumored to be in the works years ago. But what about the fourth variant, you asked? That could come down to a GTR model. McLaren has already announced that it's bringing the track-bound P1 GTR to the Geneva Motor Show, and just the other day we reported on the possibility of a 650 GTR that would essentially fill in for the previous 12C Can-Am edition. A similar hard-core treatment could feasibly be applied to the Sports Series as well, whether bound to the track or open to use on public roads as well. The proliferation of variants wouldn't be without precedent for Working, after all. The original McLaren F1 bred GTR and LM versions, though they were almost too rare to count. The SLR it built for Mercedes spawned more derivatives than we would dare count. The MP4-12C gave us a few as well. And the 650S has already appeared in coupe, Spider, 625C and soon GTR versions. So the idea of the company's upcoming entry-level model following the same path would only make sense.

2015 Malaysian F1 GP springs hot, humid surprises [spoilers]

In the two weeks since Australia both Mercedes and Ferrari spoke of the improved performance from their respective cars. In Malaysia, Ferrari showed it. Lewis Hamilton still put his Mercedes-AMG Petronas on pole position, but Sebastian Vettel got within two whiskers of the Brit, lining up second just 0.074 behind. Afterward, Vettel said Ferrari could win the race if everything went well. But in qualifying we didn't know how much of Ferrari's performance was truly down to the car and how much was down to the wet weather that struck near the beginning of Q2. The rain didn't hamper Nico Rosberg's run – the German said "I just didn't drive good enough" – and he took third spot in the second Mercedes-AMG Petronas. Showing what the Infiniti Red Bull Racing chassis can do when the power unit is working properly, teammates Daniel Ricciardo and Daniil Kvyat grabbed fourth and fifth. Whippersnapper Max Verstappen, in his second race, qualified in sixth with an excellent drive through the rain; just 0.030 behind Kvyat, he said he could have got fifth if he hadn't had a running problem with his brakes. Williams head of vehicle performance Rob Smedley said he wouldn't complain about Mercedes' advantage, but Felipe Massa has spent the whole season so far banging the alarm about Ferrari's pace. He says Williams has lost its straight-line advantage, part of the reason the first Grove car is back in seventh, while Valtteri Bottas is in eighth. Between them was Romain Grosjean in the Lotus, but he got dropped two positions for a pit-lane infraction in Q2, so he'll be tenth. Ahead of him is Marcus Ericsson in the Sauber, who would lead the charge to turn in another surprise for the Swiss team. But the real surprise came from the Scuderia Ferrari, who, on a bright, sunny day proved that they don't need to add water for race-winning pace. While Hamilton got made usual awesome start at the lights, Vettel channeled that other famous German Ferrari driver and immediately cut across the track to intimidate Rosberg, maintaining his second place position into the first turn. Arguably the race-winning move came three laps later at that same turn, when Ericsson plunged in too fast and swapped ends, beaching the rear of his Sauber in the gravel trap. The safety car came out when the recovery truck emerged to retrieve the Sauber, and nearly all of the front-runners took to the pits to swap out of the medium tires. Vettel, however, didn't.