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

The Nurburgring is the one track that many automakers want to hold a record of, because only the best of the best do. This time, a group of extraordinary passionate...
by - July 25, 2017
Would you like your convertible to be inspired by a yacht? Well, you do not have to imagine it anymore - thanks to the Bentley Continental GT Convertible and Mulliner...
by - July 25, 2017
The 2018 Jaguar E-Pace is the leaping cat’s first venture into the compact SUV segment, and sure enough, it didn’t take long before an artist rendered a wilder version of...
by - July 25, 2017
Good news for Audi EU5 and EU6 diesel car owners in Europe. They can now update their cars to fit six-cylinder or eight-cylinder TDI engines through a retrofit program, and...
by - July 25, 2017
Recently, Autocar revealed that a Ferrari SUV is on the way, after the company continuously denied that they will not build one. And unlike the usual crossover styling, Ferrari will...
by - July 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