Major changes are afoot at McLaren with the company announcing its revised Track25 business plan that takes off from the Track22 plan it had outlined in 2016. The new roadmap includes a larger range of vehicles with the aim of being all hybrid by 2025.
Mike Flewitt, Chief Executive Officer, McLaren Automotive said on the sidelines of the Goodwood Festival of Speed,
“Everyone at McLaren Automotive remains constant in their focus of designing and crafting the world’s best drivers’ cars. True to McLaren’s spirit, however, our ambitions, continue to grow and our £1.2bn Track25 business plan which covers 18 new models, including a new McLaren P1TM,, is clear proof of that. We are a luxury brand that is committed to investing in innovation, whether that’s in the development and manufacture of our own carbon fibre tubs as part of a new £50m British-based production centre, new powertrains with our entire range due to be hybrid by 2025 or the deployment of technology to enhance the driving and owning experience.
“As a global brand we are set to add more retailers in both existing and exciting new markets as demand for our products continues to grow. While our plan sets the direction for the next seven years to take us through to the middle of the next decade, we need to also pause and acknowledge the great effort, ingenuity and competitive spirit of all of our incredible people on which our success, both now and in the future, rests.”
The plan envisages production rising to 6,000 cars a year, all of them to be hand-assembled in Woking. The focus of technology will be on keeping McLaren cars the lightest in their segments, using carbon-fibre, with related production centred around the McLaren Composites Technology Centre in which fifty million pounds sterling is being invested. Despite the increased production targets, the company expects the employee strength to remain around 2,300 people as it is now.