McLaren Automotive boss considers floating company on stock market

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

By Sam Sheehan, Autocar UK calendar 14 Jun 2017 Views icon6762 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
McLaren CEO Mike Flewitt with the brand's 10,000th car, a Ceramic Grey 570S.

McLaren CEO Mike Flewitt with the brand's 10,000th car, a Ceramic Grey 570S.

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. 

RELATED ARTICLES
Skoda begins sale of made-in-India CKD Kushaq in Vietnam

auther Autocar Professional Bureau calendar30 Jun 2025

Before production started, pre-series Kushaq vehicles covered over 330,000 kilometres on a variety of Vietnamese roads a...

Six Japanese companies join forces to expand use of recycled materials in new vehicles

auther Autocar Professional Bureau calendar30 Jun 2025

Denso, Toray Industries, Nomura Research Institute, Honda Motor, Matec Inc and Rever Corporation have set up the BlueReb...

BYD selects Voestalpine as steel supplier for its Hungarian plant

auther Autocar Professional Bureau calendar28 Jun 2025

The announcement of the Austrian steelmaker as a supplier demonstrates BYD’s strategic plan to source from high-quality,...