McLaren Automotive announces six-year investment program

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McLaren Automotive has announced details of its Track22 investment plan, outlining its future investments through to 2022.

The company states that it will continue to focus purely on the development of two-seater sports and supercars. At the heart of the business plan is a commitment to its industry-leading 20-25% of turnover invested in R&D for future products and technology. Over the six-year business plan period, this represents an investment of £1bn and will lead to the launch of 15 all-new cars or derivatives.

The launch of the new 570GT at the Geneva International Motor Show represents the culmination of new model introductions for 2016. McLaren 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.

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, UK, 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.

“The launch of our new six-year business plan – named Track22 because I believe we are on track to a very exciting and successful future – scopes our future investments and development strategy up until 2022,” said Mike Flewitt, CEO of McLaren Automotive. “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 toward the latter part of our six year plan, and we will see at least 50% [of McLaren vehicles]featuring hybrid technology by 2022,” he continued. “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.”

March 8, 2016

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Dean has been with UKi Media & Events for over a decade, having previously cut his journalistic teeth writing and editing for various automotive and engineering titles. He combines extensive knowledge of all things automotive with a passion for driving, and experience testing countless new vehicles, engines and technologies around the world. As well as his role as editor-in-chief across a range of UKi's media titles, he is also co-chair of the judging panel of the International Engine + Powertrain of the Year Awards.

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