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McLaren Automotive Posts Its First Profit
Luxury performance car maker McLaren Automotive Ltd. posted its first net profit £4.5 million (€5.5 million) in 2013, as revenue grew 7% to 285 million (€361 million), according to the Financial Times.
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Luxury performance car maker McLaren Automotive Ltd. posted its first net profit £4.5 million (€5.5 million) in 2013, as revenue grew 7% to £285 million (€361 million), according to the Financial Times.
The British company's results were buoyed by a surge in Asia sales and demand for its 1 million (€1.2 million) P1 supercar.
The FT cites company sources who says McLaren expects its revenue will climb to about 500 million (€614 million) this year and reach 750 million in 2016.
The company expects to hike its workforce 20% to 1,500 by the end of 2015. It also plans to more than double its current output of seven hand-built cars per day in 2016, when it will add the relatively inexpensive (£135,000) P13 sports car, according to the newspaper.
McLaren also is developing a high-end model to be priced at about £350,000 that will fit between its P1 and 650S models.
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