McLaren estimates that it will be profitable next year

Article by Christian A., on March 20, 2013

McLaren Automotive Managing Director Mike Flewitt estimates that the company will post a profit next year. He said this after divulging that for the 2012 financial year that ends on March 31, it’s likely to post a pre-tax loss of between 10 million to 12 million pounds ($15 million to $18 million). He explained that as McLaren had invested a lot in developing new products and establishing new dealerships, this actually is “not too bad.”

When interviewed by Automotive News Europe, Flewitt said that the company is even “slightly ahead” of what it had been planning. Flewitt expects that in 2013, it will report a small profit and will continue to reap profits in the years that follow. At the recently held Geneva Auto Show, McLaren had put on display the P1 hybrid supercar, which has a price tag of 1.07 million euros.

The P1 is the third vehicle to be launched by the company. Only 375 units will be assembled. In 2010, McLaren had launched the 12C supercar, which carried a cost of 200,000 euros in Germany. It then launched an open-topped version of the 12C.

A spokesman revealed that in 2012, it sold about 1,400 cars. For the 2011 financial year, McLaren Automotive posted a pre-tax loss of 69 million pounds. The release of these results was delayed and only came out last February. McLaren Automotive is based in Surrey, England.

Topics: mclaren, profit

If you liked the article, share on:

Comments

Recommended

Is there anything more exciting than a spoiler? Well, for those who didn't know, there are those who have already seen the Mercedes-AMG Project One (in the flesh) way before...
by - April 25, 2017
Does the Honda Passport ring a bell to you? This was the first ever SUV that was sold by the Japanese automaker, but it was not that successful compared with...
by - April 25, 2017
Wagon buyers who prefer their vehicle to be luxurious, you will have an entirely brand new selection at the latter part of this year. Porsche will start rolling out 4...
by - April 25, 2017
McLaren rejects the idea of creating anything other than a sports car. That means that vehicles that would be ideal for families such as an SUV or a crossover are...
by - April 25, 2017
The new and improved Opel Grandland X is out, and this large SUV is something the European market did not know they would need. Now measuring at 14.7 feet (4.48...
by - April 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries