Does this include F1 operations?
McLaren Financial Results 2022
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“Share of loss of joint venturesDoes this include F1 operations?
No Share of Racing results were taken in 2022 following the disposal of the Racing investment in 2021 to the Group’s parent company McLaren Group Limited.”
The financials need to work. For now, us McLaren owners, have been provided cars which are massively subsidized.
Think the issue is more an execution problem than low pricing. Would like to have seen the modest (low risk) 750 introduced in 2022 rather than have the company totally committed to a new architecture (Artura) introduction. Need to manage risk.The financials need to work. For now, us McLaren owners, have been provided cars which are massively subsidized.
I really want this company to succeed and stay around for a while. The Artura was quite the gamble. From there it looks like a make or break situation with this product. Their report isn’t particularly reassuring, and there’s a lot of work ahead to keep this manufacturer afloat. Hopefully all the stars will align.
The artura platform isnt just a car platform is it? McLaren trophy is part of that? Or is that split out as it is officially 'Racing' @eMcL ?
Not sure about that, as McLaren is not a publicly traded company their financial reporting can exclude/include elements of the McLaren Group as it chooses I guess.The artura platform isnt just a car platform is it? McLaren trophy is part of that? Or is that split out as it is officially 'Racing' @eMcL ?
These numbers really are not that bad at all.
Since when is a loss "not that bad at all"?
Huh? In '21 they lost 6.1 million and in '22 they lost 334 million. That would appear to be doing worse.Since when is a loss "not that bad at all"?
Man they need to clean up the artura bugs so it starts to win hearts and minds and get the 750 perfect and grit it out there. They need a positive streak to just get above water and start building some buffer.
That said it’s crazy apple, or Tesla doesn’t buy them with some couch money. Mclaren really is the world leader in carbon fiber vehicles by far, and with real backing that could do soooooo much for the auto industry. I bet just going to carbon tubs alone would reduce US auto death rate rate from 35000 a year down to less than 10000. It’s a huge selling point. Particularly if you make an suv with a carbon cage.
I personally do not consider buying any sports car that doesn’t have a carbon fiber frame.
Apple and Tesla could start producing lighter and way safer cars, and Mclaren could super help there. Lightness for EV cars also helps with weight and range. And they could still hold up Mclaren as a halo brand. It’s kind of shocking no one there sees the value when Mclaren can be had so cheaply. It’s totally a peanut butter meets chocolate thing imo.
That said it’s crazy apple, or Tesla doesn’t buy them with some couch money. Mclaren really is the world leader in carbon fiber vehicles by far, and with real backing that could do soooooo much for the auto industry. I bet just going to carbon tubs alone would reduce US auto death rate rate from 35000 a year down to less than 10000. It’s a huge selling point. Particularly if you make an suv with a carbon cage.
I personally do not consider buying any sports car that doesn’t have a carbon fiber frame.
Apple and Tesla could start producing lighter and way safer cars, and Mclaren could super help there. Lightness for EV cars also helps with weight and range. And they could still hold up Mclaren as a halo brand. It’s kind of shocking no one there sees the value when Mclaren can be had so cheaply. It’s totally a peanut butter meets chocolate thing imo.
.... we should 'pass the hat' around and 'make an offer'.... its not like it would take that much to buy them!Man they need to clean up the artura bugs so it starts to win hearts and minds and get the 750 perfect and grit it out there. They need a positive streak to just get above water and start building some buffer.
That said it’s crazy apple, or Tesla doesn’t buy them with some couch money. Mclaren really is the world leader in carbon fiber vehicles by far, and with real backing that could do soooooo much for the auto industry. I bet just going to carbon tubs alone would reduce US auto death rate rate from 35000 a year down to less than 10000. It’s a huge selling point. Particularly if you make an suv with a carbon cage.
I personally do not consider buying any sports car that doesn’t have a carbon fiber frame.
Apple and Tesla could start producing lighter and way safer cars, and Mclaren could super help there. Lightness for EV cars also helps with weight and range. And they could still hold up Mclaren as a halo brand. It’s kind of shocking no one there sees the value when Mclaren can be had so cheaply. It’s totally a peanut butter meets chocolate thing imo.
Tesla could really use McLaren’s design team as well as the current fleet of teslas look like 🤮
I honestly wouldn’t want Tesla to own McLaren. Sold my Model X because of a design flaw that simply can’t be fixed (front half shafts), horrible customer service & overall build quality. Can’t stand that company.
Margins on the 750 should be good, esp the early mso heavy cars.
Hope the brand survives, they're making the best product in the super car space imo.
Hope the brand survives, they're making the best product in the super car space imo.
Businesses carry over losses from to year all the time. They have plenty of equity.Since when is a loss "not that bad at all"?
You don’t value a company solely by their year over year profit/loss as a snapshot. I’d wager 2023 will be a good year (profit) for McLaren as Artura sales are completed and 750 sales come in.
Tesla doesn’t care about driving experience. There are a ton of Detroit engineers who could fix their ass chassis dynamics, braking and steering to at least be like Chevy quality level. Tesla has conspicuously chosen to focus on EV range, manufacturing cost, volume, and their drag race gimmicks. Their goal is for the driver to be replaced by a robot. Which they have said.Man they need to clean up the artura bugs so it starts to win hearts and minds and get the 750 perfect and grit it out there. They need a positive streak to just get above water and start building some buffer.
That said it’s crazy apple, or Tesla doesn’t buy them with some couch money. Mclaren really is the world leader in carbon fiber vehicles by far, and with real backing that could do soooooo much for the auto industry. I bet just going to carbon tubs alone would reduce US auto death rate rate from 35000 a year down to less than 10000. It’s a huge selling point. Particularly if you make an suv with a carbon cage.
I personally do not consider buying any sports car that doesn’t have a carbon fiber frame.
Apple and Tesla could start producing lighter and way safer cars, and Mclaren could super help there. Lightness for EV cars also helps with weight and range. And they could still hold up Mclaren as a halo brand. It’s kind of shocking no one there sees the value when Mclaren can be had so cheaply. It’s totally a peanut butter meets chocolate thing imo.
McLaren doesn’t help with that and their goals are diametrically opposed. Not a good acquisition. Plus if Elon owned McLaren he’d twitter it. Elon buying McLaren is the most probable way I buy a Lambo.
Apple doesn’t need McLaren either. The best parts of McLaren would just be a distraction.
I honestly don’t know who buys McLaren without ruining it. BMW ? Audi ? Geely ?
Maybe a middle eastern sovereign wealth fund … oh wait. That’s what happened.
🤞Businesses carry over losses from to year all the time. They have plenty of equity.
You don’t value a company solely by their year over year profit/loss as a snapshot. I’d wager 2023 will be a good year (profit) for McLaren as Artura sales are completed and 750 sales come in.
I was wondering why they cancelled their presentation a month or so ago and decided to reschedule it to include 2023 Q1 as well. It seems they did so to try and show that, despite a dismal 2022, things where improving. Maybe dumping Ron Dennis and giving him 333 million to go wasn't such a great idea...
Mclaren faces some serious headwinds. A buyout doesn't seem likely to me at least. The VW group or BMW would be the most obvious buyers. However, Audi was already spurned and its unclear what appetite BMW would have to save the fledgling automaker, except maybe to re-enter F1--- but I have no idea what their interest would be given their last unceremonious exit.
I am just a layman in the peanut gallery, but it seems to me that anyone who rescued Mclaren would pretty much have to completely recast the automaker. Mclaren's insistence on going its own way rather than adopt or borrow technology from legacy automakers, as well as its hand assembly process, have made very special and unique cars, but have done nothing to meaningfully improve reliability in the 12 years since its inception. If Mclaren ever gets bought out, in my estimation, it will become a very different company, like what BMW did to Rolls Royce or VW did to Lambo.
It seems to me, that instead of an SUV--which may or may not meaningfully help their bottom line (See Aston Martin) but would require heavy investment, they should do something simple. Take an existing platform, detune the motor, invest in a manual transmission, decontent and simplify the car to basics, and pump out a simple "raw", light sports car for "purists." Porsche is owning this segment of the market and there is clearly enough demand to support a few thousand units a year. If people are paying an ADM of 300K for a manual GT3, they will pay 200K for a manual mclaren. Ironically, Gordon Murray is once again giving the blue print (at a much higher price point)...
Just my worthless opinion
Mclaren faces some serious headwinds. A buyout doesn't seem likely to me at least. The VW group or BMW would be the most obvious buyers. However, Audi was already spurned and its unclear what appetite BMW would have to save the fledgling automaker, except maybe to re-enter F1--- but I have no idea what their interest would be given their last unceremonious exit.
I am just a layman in the peanut gallery, but it seems to me that anyone who rescued Mclaren would pretty much have to completely recast the automaker. Mclaren's insistence on going its own way rather than adopt or borrow technology from legacy automakers, as well as its hand assembly process, have made very special and unique cars, but have done nothing to meaningfully improve reliability in the 12 years since its inception. If Mclaren ever gets bought out, in my estimation, it will become a very different company, like what BMW did to Rolls Royce or VW did to Lambo.
It seems to me, that instead of an SUV--which may or may not meaningfully help their bottom line (See Aston Martin) but would require heavy investment, they should do something simple. Take an existing platform, detune the motor, invest in a manual transmission, decontent and simplify the car to basics, and pump out a simple "raw", light sports car for "purists." Porsche is owning this segment of the market and there is clearly enough demand to support a few thousand units a year. If people are paying an ADM of 300K for a manual GT3, they will pay 200K for a manual mclaren. Ironically, Gordon Murray is once again giving the blue print (at a much higher price point)...
Just my worthless opinion
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