Road car branch CEO Mike Flewitt reveals that shares could be sold

McLaren Automotive could be floated on the stock market in a bid to further boost investment, the company’s CEO Mike Flewitt has suggested.

In a story published in The Times over the weekend, Flewitt said: “The more successful we become, the more attractive we become to people who want to invest”.

If such a process goes ahead, it would mean McLaren’s road car division, which is part of the McLaren Technology Group, would join Ferrari as a publically listed supercar maker.

Ferrari has demonstrated the benefits of selling stocks publically, with its share value rising by around 62% since it was listed on the New York Stock Exchange in 2015.

Like the Italian brand, McLaren has enjoyed strong sales successes in recent months. The Woking-based car maker shifted 3286 cars last year, almost double what it sold in 2015.

The best-selling single model across the range was the 570S, which was the cheapest model in the line-up until the introduction of the 540C later in the year.

Biggest demand came from North America, accounting for around a third of McLaren sales. Europe was the second biggest market for the company, with 996 units sold there.

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Comments
4

12 June 2017
Why not fold the automotive brand into McLaren Technology Group and then float the whole group?

12 June 2017
Because it isn't doing what it mainly does particularly well is it?

12 June 2017
They need to stop being chicken and make their own F1 engines as well as start selling it to other teams as well!

12 June 2017
The company is profitable. Investors will only drain those profits for short term gains in revenue.

If you do sell shares then your only objective is to keep shareholders happy, and that means returning money to them. Better to secure loans and fold back profits in to the business. Sounds harder, but long term it gives McLaren freedom to do what they want, and for those profits to be used building McLaren and not someone else's empire!

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