Profit to go back into R&D
McLaren seems to be one of the rising forces in the supercar world with a growing line-up of models and increasing sales.
The British manufacturer has just announced sales, production and financial results for 2016 and everything seems to be coming together nicely for them.
Last year, McLaren Automotive delivered 3,286 vehicles, a total up almost 100% on the 2015 total of 1,654.
That helped the company to revenue of just over a billion Australian dollars and a profit of around $15 million AUD (or a 70% jump on 2015).
Making a profit, a sometimes-difficult assignment for even the most established supercar manufacturer, takes McLaren to a fourth consecutive year of profitability in six years of operations.
Money going back into McLaren.
McLaren CEO Mike Flewitt says the strong results will be funnelled back into the product.
“Investment in R&D and future product during the period of $220 million AUD – 20% of turnover – reaffirms our commitment to our business plan that will produce 15 new models or derivatives by the end of 2022.”
Much of the 2016 sales growth was driven by demand for the new McLaren 720S, a vehicle that was recently launched in Australia.
While the new 570S Spider is expected to continue to push sales north when it comes online later in the year.
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