McLaren Automotive has announced its six year business plan, Track22, highlighting the growing supercar manufacturer’s plans up until 2022.
The Woking-based outfit intends to commit 20-25% of its turnover towards research and development for future products and technologies. Mclaren said this investment will account for £1bn, leading to 15 new cars or derivatives.
With the Automotive arm of the business being officially formed just over six years ago, McLaren Automotive has just launched its latest model, the 570GT at the Geneva Motorshow.
The company has 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.
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Subsequent to the global success of the petrol-electric hybrid-powered McLaren P1, McLaren Automotive has confirmed that at least 50% of its cars will feature hybrid technology by the end of the Business Plan period.
Research engineers at the McLaren Technology Centre in Woking 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% 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.”