A new contract – the third and latest covering the engine supply partnership between the two companies and the largest ever signed by Ricardo – confirms the company as supplier of engines to McLaren in support of its Track25 business plan.
Since 2011, Ricardo has manufactured the entire production requirements of McLaren Automotive at its purpose-built assembly facility at Shoreham, UK. In the past year, production levels under the existing Ricardo-McLaren agreement approached 5,000 engines – with the total delivered since the partnership commenced now past 15,000.
Under the terms of this new agreement, Ricardo is nominated as the supplier for engine requirements as McLaren embarks on its Track 25 business plan which includes 18 new models or derivatives, many featuring hybrid technology. To support this diversification, Ricardo will invest in the production facility to accommodate additional product flexibility, new manufacturing capabilities, and further capacity. This third generation of supply agreement for the McLaren engine succeeds the previous contract with the company.
“McLaren is pleased to be continuing our very strong relationship with Ricardo as our engine supplier,” said CEO Mike Flewitt.
“We look forward to working with Ricardo and to receiving its full support as we implement our Track 25 business plan.”