Wed, 04 Jun 2014
By Tim Pollard
Motor Industry
04 June 2014 10:48
McLaren Automotive today announced it had broken even for the first time in its brief three-year history, posting a £4.5 million pre-tax profit in 2013. It's great news for the young supercar brand, which until now has lost money every year. McLaren's turnover was £285m, up from £267 in 2012, as it increased production towards its long-term goal of 4000 cars a year.
Thu, 11 Aug 2011
Pagani Huayra - now heading for the USA in 2013
At the weekend we broke the news that Pagani were not going to be able to take the Huayra to the US for the foreseeable future, as they’d had their application for a Temporary Exemption from Advanced Air Bag Requirements denied by the DOT. Which we’ve known was likely for months. So we asked why Pagani continued with its US launch and continued taking orders for cars it knew, almost certainly, it wouldn’t be able to complete.
Mon, 09 Jul 2012
BMW said it will increase Mini's model lineup to up to 10 vehicles while boosting the brand's production capacity in the U.K. and at a new contract manufacturing site, likely to be in the Netherlands. BMW will invest $388 million in its U.K.