Mclaren planning to invest $1 billion to introduce 13 new models

Article by Christian A., on June 23, 2011

Ferrari SpA and Lamborghini SpA should expect some serious competition from McLaren Group, which is planning to spend up to $1 billion to develop and market a lineup of sports cars.

In London, Antony Sheriff, McLaren Automotive’s managing director, said that the carmaker intends to introduce 13 models and variants in the next several years.

To expand sales, McLaren had recently opened its first dealership at London’s One Hyde Park. It expects to open 35 dealerships globally in 2011.

This includes nine in the U.S., which remains to be the largest market for luxury cars. Executive Chairman Ron Dennis told Bloomberg that it’s a “fantastic challenge” to enter the market with a new brand.

Sheriff said that so far, it has released around $320 million for the development of its 200mph MP4-12C. Last month, McLaren revealed a track version, which is priced at 310,000 pounds ($500,000). The MP4-12C road car succeeds the McLaren F1 (the most expensive car in the 1990s and the fastest with a top speed of 240 mph).

So far, McLaren has received more than 2,000 orders. There is a two-year waiting list for this model. The MP4-12C’s name is derived from the MP4 designation meant for all of McLaren’s race cars since 1981.

The latest was the MP4-26 driven by Jenson Button and Lewis Hamilton. The “C” on the name refers to its carbon construction while the “12” comes from “internal performance criteria” such as weight, aerodynamics, power and down force.

If you liked the article, share on:

Topics: mclaren

Comments

Recommended

November 17 is considered a very special day for Tesla, as this is the day that they revealed the highly anticipated Tesla Semi. But Elon Musk did not think the...
by - November 17, 2017
More details have emerged about the new sixth generation of the BMW M3 just as the German premium practically announced the end of the current-gen 3 Series with the unveiling...
by - November 17, 2017
All is set for Volkswagen’s plans to enter the electric vehicle game, as prompted by the so-called Dieselgate scandal. In fact, the German carmaker has already made a commitment to...
by - November 17, 2017
As BMW has already revealed, the next generation of the BMW M5 (F90) is a four-wheel drive high-performance sedan with overwhelming power output and torque at its disposal. However, it...
by - November 17, 2017
McLaren unveiled a one-off Gold - on - Black 720S at the 2017 Dubai Motor Show which will be on display throughout the entire stretch of this week’s event. The...
by - November 16, 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