McLaren CEO teases public offering
McLaren Automotive CEO Mike Flewitt has suggested the company may be floated on the stock market to encourage further investment. Flewitt told The Times that “The more successful we become, the more attractive we become to people who want to invest”. Previous public offerings have proven successful in the past – Italian manufacturer Ferrari was listed on the New York stock exchange in 2015, and the company’s share price has risen by 62 per cent. Sales have been skyrocketing for McLaren, almost doubling in 2016 to 3,286 vehicles. Production doubled at McLaren’s British factory from 10 cars to 20 cars a day to keep up with growing demand. The best-selling model was the 570S, which was the cheapest in the line-up until the launch of the 540C later in the year. The car maker celebrated its 10,000th car in December, a McLaren 570S from the Special Operations workshop in Woking.
