MANUFACTURERS

SEARCH

McLaren announce billion-pound business plan

March 1, 2016 | By | In News

McLaren has announced its new six-year investment programme, looking to put money into future products and technology.

The £1 billion Research and Development investment is to be shared over six years, with 15 new cars all under development, either as core models or derivatives.

With this new investment, McLaren is hoping that at least 50 percent of its cars will feature hybrid technology by 2022.

McLaren’s business plan centres around a commitment to putting 20-25 per cent of its turnover into Research and Development. Research engineers are already in the early prototype stages of a fully-electric powertrain in order to better understand its further uses. This could have an application in an Ultimate Series car.

Mike Flewitt, chief executive officer of McLaren, said: “Since its inception, McLaren Automotive has launched world-class products and this has been made possible by continuous investment in our future.

“The launch of our new six-year Business Plan, named Track22 because I believe that we are on track to a very exciting and successful future, scopes our future investments and development strategy up until 2022.

“This will see us launch 15 all-new cars or derivatives within our existing Sports Series, Super Series and Ultimate Series families. We will also develop an all-new engine architecture that will debut towards the end of the Business Plan period.

“Above all, this Business Plan confirms that McLaren Automotive will remain proudly and fiercely independent by continuing to build the world’s finest two-seater sports and supercars, hand-crafted by our team in Woking, England.”

Jack Evans

By

After completing his university studies in English and Creative Writing in Cardiff, Jack is now a full time motoring writer at Blackball Media. His love of cars stems from his childhood years when he began to live and breathe all-things automotive.

Social media & sharing icons powered by UltimatelySocial

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close