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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

Former Top Gear crew starts filming for Amazon show

We might have only a hint at the name and no exact date for a premiere, but fans can celebrate that Jeremy Clarkson, Richard Hammond, and James May are filming once again. Plus, it looks like every cent of Amazon's reportedly lavish budget is being put on the screen. A photo tweeted by Clarkson shows the three hosts standing proudly in front of a Porsche 918 Spyder, Ferrari LaFerrari, and McLaren P1 at a racetrack. Clarkson jokes that the show has just a "skeleton crew" but behind him stand several dozen people, a sophisticated-looking camera rig, and two big trucks. This definitely looks worth the anticipation of the premiere on Amazon Prime next fall. Hammond tweeted the same picture and wrote: "The band is back together and it feels brilliant." This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Intriguingly, it appears that fellow British auto journalist Chris Harris is currently filming at the same track. He tweeted a photo to Clarkson of the McLaren doing a very smoky slide, while being followed by the other two hypercars. The Porsches in both photos wear the same red-and-white number 3 livery and have the same license plate number. In a later message, Harris was also clear that he wasn't filming there in connection with the trio's Amazon show. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

McLaren EV supercar: Here's the math that says it's 5-10 years off

It emerged last December that McLaren had built an all-electric testbed for a future EV supercar, to go along with the English automaker's $1.4 billion investment in electrified powertrains. But as we told you a few weeks ago, McLaren CEO Mike Flewitt said that such a car was, as a practical matter, years away from production. Now COO Jens Ludmann has put some numbers to the carmaker's quest, saying, "[The] Senna has 800 PS [Pferdestarke] on 1,200 kg, that's about the power to weight that we're looking for." He's talking about 789 horsepower in a package lighter than a base Honda Civic Coupe. The issue isn't energy capacity, it's energy density. Said Ludmann, "[The] battery technology should achieve 500 watt-hours per kilogram. That is a level where it really makes sense. Today we are around 180 watt-hours per kilogram." McLaren Engineering provides batteries for Formula E rated at 216 Wh/kg, but those packs aren't suitable for a consumer road car. According to what the company's learned from the battery industry, we're 5 to 10 years away from 500 watt-hours per kilogram for a roadworthy vehicle. In 2015 Rimac unveiled a battery it made for the Koenigsegg Regera. Said to be the most energy-dense car battery at the time, it boasted a power-to-weigh ratio of 60 Wh/kg. Figure that the battery industry's adding 40 Wh/kg per year — which gets us from 2015 to Ludmann's 180 Wh/kg current state of affairs. Using that measure, we're 8-10 years away from 500 Wh. McLaren wants its theoretical EV owner to be able to do 30 minutes or 10 hard laps at the track, be "as exciting as a 675LT," and recharge in 30 minutes for another half-hour track session. That battery would need exceptionally high energy density, and the cells and electronics would need to stand up to constant high power output and extreme discharge cycles. To enable that with today's battery tech, you'd end up with a vehicle that could do 500 miles in everyday road use, be far too heavy for McLaren's aims, and take far too long to charge. Ludmann told Wheels magazine everything else about the EV supercar is "all resolved — easy." While we dig in for what could be a lengthy wait, we'll have to be satisfied with the McLaren hybrids that should start showing up in a couple of years. Related Video: