McLAREN AUTOMOTIVE LAUNCHES SIX-YEAR INVESTMENT PROGRAMME IN FUTURE PRODUCTS AND TECHNOLOGY
1 Mar 2016
- Six-year ‘Track22’ Business Plan announced
- £1 billion investment in Research and Development over six-years of plan
- 15 all-new cars or derivatives under development
- At least 50 percent of McLaren cars to feature hybrid technology by 2022
- Fully-electric prototype in the Ultimate Series under evaluation
Just over six years after the company was formed, McLaren Automotive has announced details of its Track22 Business Plan, taking it through the next six years through to 2022.
Maintaining a spotlight on the development of the world best drivers’ cars, McLaren Automotive will continue to focus purely on the development of two-seater sports and supercars. At the heart of the Business Plan is a commitment to its industry-leading 20-25 percent of turnover invested in Research and Development for future products and technology. Over the six-year Business Plan period, this represents an investment of £1,000,000,000 and will lead to the launch of 15 all-new cars or derivatives.
The launch of the new 570GT at the Geneva Motor Show represents the culmination of new model introductions for 2016. McLaren also confirmed the addition of a Spider derivative within its Sports Series family in 2017. Following the positive reception of the 675LT Coupé and Spider models, which sold out in a matter of weeks, McLaren has also announced that ‘LT’ will become a track-focused sub-brand with further models in the future.
Subsequent to the global success of the petrol-electric hybrid-powered McLaren P1TM, McLaren Automotive has confirmed that at least 50 percent of its cars will feature hybrid technology by the end of the Business Plan period. Research engineers at the McLaren Technology Centre in Woking, England, are also in the early prototype stages of the development of a fully-electric powertrain to evaluate its possible use in a future generation of an Ultimate Series car.
Mike Flewitt, Chief Executive Officer of McLaren Automotive commented: ‘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.
‘Our next hybrid vehicle will launch towards the latter part of our six year plan, and we will see at least 50 percent featuring hybrid technology by 2022. Hybridisation has obvious CO2 and fuel consumption advantages but for us, it is all about delivering the performance and enjoyment of a McLaren. But we won’t stop there. Our engineers have even started work on a one-off prototype to evaluate the possible benefits of a fully-electric powertrain in an Ultimate Series car; such is the pace of development.
‘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.’
Notes to Editors:
A selection of high resolution images accompanying this release is available to download from the McLaren Automotive media site – cars.mclaren.press.
About McLaren Automotive:
McLaren Automotive is a British manufacturer of luxury, high-performance sports cars, located at the McLaren Technology Centre (MTC) in Woking, Surrey.
Following the global launch of McLaren Automotive in 2010, the groundbreaking 12C was launched in 2011, the 12C Spider in 2012, and the limited-run McLaren P1™ went into production in 2013. In keeping with its plan to introduce a new model each year, the company unveiled the 650S, in coupe and Spider form in 2014, and has announced the Sports Series among the models to be introduced in 2015. The brand continues to expand, and McLaren posted a profit during 2013 – only the third year of vehicle production. This was followed in 2014, by a third consecutive year of growth in sales with a record 1,649 vehicles delivered via a dedicated global network of retailers in every major automotive market.
McLaren Automotive Partners
To support the development, engineering and manufacture of its range of innovative and highly acclaimed sports cars, McLaren Automotive has partnered with world leading companies to provide specialist expertise and technology including, AkzoNobel, ExxonMobil, Pirelli and SAP.
Designed for the track; Developed for the road
The connection between Formula 1 and road cars at McLaren is a natural process of experience, knowledge, principles and process transfer. Through the integration of 50 years of Formula 1™ racing expertise and knowledge, and over 20 years of heritage in producing landmark sports cars, McLaren Automotive designs, develops and builds a range of technologically advanced and groundbreaking high performance sports cars which are designed to be a no compromise drive on both road and track.
McLaren has pioneered the use of carbon fibre in vehicle production over the past 30 years, and since introducing a carbon chassis into racing and road cars with the 1981 McLaren MP4/1 and 1993 McLaren F1 respectively, McLaren has not built a car without a carbon fibre chassis.
Visit cars.mclaren.com for more details.
Global Communications Director | McLaren Automotive Limited
Phone: +44 (0) 1483 261500
Mobile: +44 (0) 7768 132429
Global Corporate Communications Manager | McLaren Automotive Limited
Phone:+44 (0) 1483 261500
Mobile: +44 (0) 7468 769419