RSS McLaren Automotive posts first yearly profit

[Ringo64]

Filed under: Convertible, Coupe, Performance, Earnings/Financials, McLaren

The automotive division of McLaren has just returned its first yearly profit, netting 4.5 million pounds ($7.5 million at today's rates) in pre-tax profit and 12.4 million pounds ($20.7 million) in operating profits on revenue of 285.4 million pounds ($478.1 million).

McLaren is only expecting things to get better, too, with the announcement of the sub-650S P13 set to increase sales to 4,000 units per year. As for the brand's latest model, the 650S, there are already over 1,000 orders for the new coupe and convertible. The British brand will also offer a limited run of track-based P1 hypercars, although they'll only be available to the 375 fabulously wealthy customers who ordered the road-going version of the high-performance hybrid.

Part of making money is reinvesting, which is why McLaren saw its research spending jump by 2.5 million pounds ($4.1 million) in 2013, to 70.6 million pounds ($118.2 million).

Take a look below for the official press release from McLaren.

Continue reading McLaren Automotive posts first yearly profit

McLaren Automotive posts first yearly profit originally appeared on Autoblog on Thu, 05 Jun 2014 13:31:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

/>http://feeds.autoblog.com/~r/weblogsinc/autoblog/~3/0mmkuCoXW5U/