McLaren's revealing 70 percent increase from 2015 profits

McLaren's revealing 70 percent increase from 2015 profits: McLaren Automotive has been rumored to be bought by Apple back in 2016, but why sell a company which does so well on its own? Of course the car maker isn’t planning to do any of this, because its lineup brought it to record profitability and sales in 2016.





The automaker reported Thursday that pretax profits for 2016 were 9.2 million pounds ($11.9 million) on revenue of $844.7 million. That's a 70 percent increase from 2015 profits and marks the fourth consecutive year of profits for the independent McLaren brand. Much of the company's higher profit tally in 2016 reflected the popularity of its expanding Sports Series lineup. Demand for the higher-volume vehicles, positioned as the gateway to the McLaren brand, led to total sales of 3,286 in 2016, a 99 percent increase from 1,654 in 2015.

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