McLaren Has No Plans for IPO in the Short-Term, CFO Says

The transcript discusses McLaren's strategic focus on sports cars, avoiding SUVs, and investing in hybrid technology over fully electric vehicles until battery technology improves. McLaren's financial strategy emphasizes self-financing through R&D and Formula One investments. The company is prepared to handle trade issues like Brexit and the US-China trade war. Future plans include new supercars under the Track 25 strategy, with no immediate plans for an IPO.

What is McLaren's current focus in terms of vehicle production?

• Producing a wide range of SUVs

• Building high-volume electric cars

• Focusing on two-seater sports cars

• Developing autonomous vehicles

Why is McLaren investing in hybrid technology over fully electric vehicles?

• Hybrid engines offer better performance

• Electric vehicles have no market demand

• Electric vehicles are cheaper to produce

• Hybrid technology is more environmentally friendly

What is McLaren's approach to being first in the market with new technology?

• They focus on perfecting technology before release

• They aim to be the first to market

• They avoid new technology altogether

• They rely on partnerships for new technology

How does McLaren plan to finance its future R&D?

• Through an initial public offering

• By issuing more debt

• Selling more vehicles

• Using free cash flow and existing financing

What is McLaren's strategy regarding Formula One?

• To reduce spending on Formula One

• To use Formula One as a marketing tool

• To focus solely on financial success

• To achieve both on-track and financial success

What is McLaren's stance on the impact of trade issues like Brexit?

• They plan to stop exporting cars

• US-China trade war is more concerning than Brexit

• Trade issues are not a concern due to their agility

• Brexit is a major concern for McLaren

What is the expected timeline for the follow-up to the P1 supercar?

• By 2030

• By 2027

• By 2025

• By 2023