McLaren investing $2.1b on new models
McLaren to develop electric vehicle
McLaren has unveiled plans to invest $NZ2.1billion developing 15 vehicles over the next six years.
The luxury car marque that was spun out of the Formula One team also unveiled plans to develop its first electric vehicle.
Mike Flewitt, chief executive, of McLaren, used the Geneva Motor Show to set out a business plan aimed at doubling the size of the firm by 2022.
It is Britain’s newest car maker, and with models costing as much as $4million it is aiming itself at the very top end of the market.
Flewitt said McLaren Automotive had only been able to grow by continuous investment.
He said: ‘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.’
The new Aston Martin DB11
Research engineers at its technology centre in Woking, Surrey, are also in the early prototype stages of developing a fully-electric engine for a new concept car which it may put into production in the future.
McLaren also launched its 570GT at the show.
It uses a carbon fibre chassis and reaches 0 to 62mph in 3.4 seconds. It has a top speed of 204mph.
The McLaren launches came as Aston Martin revealed its DB11 – the much rumoured replacement for the DB9 – to create one of the biggest stirs on Tuesday afternoon at the Geneva Motor Show.
The car was considered one of the most beautiful production cars yet, even by Aston Martin standards, and a model the British sports car maker says is its most important car in its 103-year history.
Available to order now, Aston’s new McLaren and Ferrari 488 GTB rival arrives in the UK later this year.