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

Bimmerpost has posted several cool pictures of the new BMW G30 540i and the new G31 generation BMW 5-Series Touring, with both wearing the brilliant Rhodonite Silver Individual colour. The...
by - October 23, 2017
A few years ago, Lotus tried to take on Porsche. They had a five-car plan to go against competitors like Ferrari and Aston Martin. Though it did not go well,...
by - October 23, 2017
To keep the Nissan Maxima interesting, the Japanese automaker gives the 2018 model year a number of small tweaks. Some of these include standard Android Auto, which is a new...
by - October 23, 2017
It looks as if Chevrolet has everything planned out in terms of production. Firstly, they have plans of introducing the Corvette ZR1 in a few months, which will then be...
by - October 23, 2017
While Tesla Motors continues to struggle with regards to the assembly of its much awaited Tesla Model 3, investment firm Oppenheimer & Co. is confident that its previous production estimates...
by - October 22, 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