LONDON: Mclaren Automotive Ltd. broadened its lineup with a sixth supercar catering to deep-pocketed enthusiasts with the stamp of one of Britain’s most storied racing brands.
The 765LT is part of the "longtail” family drawing on Mclaren’s heritage in Formula 1 and grand touring races like Le Mans. It’ll compete with the likes of Ferrari NV’s Speciale and Lamborghini’s Huracan Performante.
Marking its first decade since entering the commercial sports-car market, Mclaren has stepped up launches to about three a year from one. It’s a bet that the wealthy will continue to spend through a wider automotive market downturn.
The 765LT boasts a twin-turbocharged V8 and goes from zero to 60 miles per hour in 2.7 seconds. To save on weight, it uses carbon-fiber body components and elements such as titanium instead of steel for the exhaust.
Mclaren, based outside of London in Woking, counts Bahrain Mumtalakat Holding Co., the country’s sovereign wealth fund, as its majority owner.
The company plans to introduce hybrids across its range by 2025, following Ferrari’s lead, and may consider an initial public offering in the future.
That said, it has one of the weakest credit profiles among global automotive manufacturers tracked by Bloomberg Intelligence, according to credit analyst Joel Levington.
Mclaren expands lineup with latest Longtail for track lovers
By BLOOMBERG | 4 March 2020
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