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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 MP4-30 marks Honda's hotly anticipated F1 return

McLaren's Formula One fortunes have drastically dropped in performance over the past couple of seasons. The Formula One team with a dozen Drivers' Championships, eight Constructors' Titles and 182 grand prix victories to its name hasn't won a race since 2012, and finished the past two seasons down in fifth place. But now it begins a new era – or rather, restarts one. And this is the machine that's kicking it all off. After a 23-year parting of ways, McLaren has brought Honda back onto the grid for this season, and will be the only team running the Japanese automaker's brand-new RA615H turbocharged hybrid power unit. Both parties are undoubtedly hoping the rekindled partnership will bring them back to the winning days of the late Eighties when Ayrton Senna and Alain Prost memorably drove their equipment to four consecutive World Championships. Largely an evolution of last season's Mercedes-powered MP4-29, the new chassis features a new front-end design to comply with the latest adjustment to the regulations from the FIA, and also incorporates a slimmer rear end built around the new Honda engine and gearbox. It also features a revised livery that adds more black to the red and silver color scheme, and does without a title partner for the time being, but includes the logos of sponsors Mobil1, SAP, TAG Heuer, Johnnie Walker, Hilton, CNN and KPMG, as well as that of Honda. Though this season will likely be more of a transition and development year for McLaren and Honda, all eyes will surely be fixed on the team to see how the new MP4-30 will fare. Fortunately, they've lined up a compelling roster of drivers, lead by former World Champions Fernando Alonso and Jenson Button. McLAREN-HONDA BEGINS NEW ERA WITH MP4-30 #McLarenHonda #MakeHistory McLaren-Honda – the name evokes stirring memories of the past; of Ayrton Senna battling Alain Prost for supremacy; of classic red and white machines dominating for season upon season; of an iconic team writing one of the defining chapters in the motor racing history books. Reuniting such an illustrious partnership brings with it the heavy weight of expectation, but all at McLaren and Honda are working to write a fresh chapter in Formula 1, one that respectfully nods to the past, but boldly looks to the horizon. Today's reveal of the new McLaren-Honda MP4-30 – McLaren's first Honda-powered car for 23 years – speaks volumes about the progressive nature of both companies.

McLaren opens up the 650S Spider

A good solid year separated the release of the McLaren MP4-12C and its Spider counterpart. McLaren isn't waiting that long, however, to reveal its new 650S Spider – in fact it's presenting both versions at the same time here at the Geneva Motor Show. But while Woking has given us plenty of details and photos of the coupe to chew on in the lead up to the show, it has just now revealed the full skinny on its open-topped companion, presented here in a new shade of McLaren's signature orange. With the same 3.8-liter twin-turbo V8 producing the same 641-horsepower, McLaren quotes the 0-62 mile-per-hour time for the 650S Spider at the same 3.0 seconds flat as the 650S coupe. Line up both versions and keep the pedals planted on both all the way up to 124, however, and the coupe will get there 0.2 seconds faster than the roadster. It'll take just one-tenth longer to cover a quarter mile, and it'll also top out at 204, three fewer miles per hour than the coupe, but fuel consumption is quoted as identical. In other words, the performance difference is negligible. That's because the Spider weighs just 88 pounds more than the coupe – less even than what Alfa Romeo took to chop the roof off the 4C, and the new McLaren (like the 12C Spider) uses a retractable hardtop at that, taking just 17 seconds to drop or raise at speeds of up to 19 mph. That's a pretty impressive transformation, leaving those who enjoy the best of both worlds with few reasons not to go with the roadster. But while pricing hasn't been announced, we have the distinct feeling it's not a choice many people will have to make. OPEN-TOP MCLAREN 650S SPIDER JOINS 650S COUPE IN GENEVA GLOBAL DEBUT - New McLaren 650S Spider just as engaging on road and track as fixed-roof Coupe - 0-100km/h (62 mph) takes 3.0 seconds, 0-200 km/h (124 mph) in 8.6 seconds - No reduction in torsional strength due to unique carbon fibre MonoCell chassis; similar weight, too - Two piece roof can be raised or lowered in less than 17 seconds on the move at speeds up to 30 km/h (19 mph) McLaren Automotive has now released images and full information for the convertible version of its latest model, the McLaren 650S, unveiled at the 84th International Geneva Motor Show. The McLaren 650S Spider is a no compromise open-top high performance sports car offering the same performance, handling and driver enjoyment, with the addition of a two-piece retractable hard top.