2016 Week 31 : What’s new in motoring
A slightly quieter week in the Motoring industry as we edge into the British Summer time, however there’s always something to talk about and this week it includes BMW, Salon Prive and McLaren Automotive.
BMW release 200 M5 Competition Editions for sale
The BMW M5 Competition Edition celebrates the production life of the F10-generation M5, with just 200 M5 Competition Editions offered for sale worldwide. Both power and torque have been increased, making the Competition Edition one of the most potent cars ever produced by BMW. The peak power output now stands at 600hp, while the torque output reaches a maximum of 700Nm, equating to a 0-62mph time of just 3.9 seconds. The standard fitment of the Competition Package, with its even more sportingly focused chassis, ensures the additional power is put to effective use.
The BMW M5 Competition Edition is on sale now priced at £100,995 OTR.
Introducing the BMW 740e and 740Le xDRIVE
The sixth generation of the BMW 7 Series is a true flagship of the BMW range, blending comfort, style, dynamic ability and cutting edge technology in equal measure to create an inspiring mode of luxury transport. To complete the range, the BMW 7 Series has borrowed technology from the BMW i sub-brand to follow in the footsteps of the BMW X5 eDrive40e, BMW 225xe and the BMW 330e to create the new BMW 740e and 740Le xDrive. The plug-in-hybrid variants of the new BMW 7 Series allow long-distance comfort and luxury to be experienced in combination with all-electric, locally emission-free mobility.
Both models sit within the BMW iPerformance range and benefit from BMW eDrive and the Carbon Core body structure with which are rooted in know-how from BMW i. The intelligently controlled interaction between the combustion engine and the electric drive, which together generate a total system output of 326hp, endows the BMW 740e and 740 xDrive with strong acceleration while simultaneously realising a substantial reduction in fuel consumption and emissions.
The BMW 740e and BMW 740Le xDrive is on sale now with prices starting at £68,330 OTR.
McLaren Automotive celebrate fifth anniversary
McLaren Automotive this week celebrated the fifth anniversary of the first car rolling off the production line with another record-breaking year. Operating profits increased to £23.5M – the company’s third successive year of profitability – from revenues of £450.6M, with revenue projected to increase by 50% over the next two years and double by the end of 2022 – an unprecedented performance in the early years of a car company. 2015 also marked the fifth successive year of increasing global car sales to 1,654 cars, supported by the launch of no less than five new models.
Chief Executive Officer of McLaren Automotive, Mike Flewitt, said of the financial results: ‘2015 was a critical year in the development of McLaren Automotive. The launch of the Sports Series opens McLaren up to an entirely new audience and will be pivotal in developing our sales volumes from the 2015 levels of 1,600 to nearly triple that number by 2020. For this to be achievable, we need to remain profitable but also continue to invest in our future product portfolio. In 2015, this amounted to £124M, nearly 30% of revenues. This level of commitment to investing in future products is core to our business strategy, as highlighted by the recently-announced Track22 business plan that commits us to investing £1B in research and development, delivering no less than 15 all-new cars or derivatives by 2022.’
Morgan 1909 Edition EV3 to make global debut at Salon Privé
Leading British luxury event, Salon Privé have announced that the Morgan 1909 Edition EV3 will make its global public debut at the event, which takes place once again at Blenheim Palace from 1st to 3rdSeptember.
Launched in conjunction with Selfridges, alongside nine other iconic British brands, just 19 bespoke, handmade Morgan UK 1909 Edition EV3s will be available for sale. The car, which comes with a bespoke driving kit from British design talents such as Alexander McQueen, Dents and Belstaff, is priced at £52,500.
The name signifies both Morgan and Selfridges’ birth years, 1909, with 19 signifying the number of cars due to be created by the two iconic British brands. Designed to be a collector’s item, the limited edition EV3 blends Morgan’s engineering know-how and iconic design with Selfridges’ famous flair for fashion. The retro-futuristic sports car combines British style and elegance in a handcrafted body with zero-emission technology.