McLaren will use its presence at the 2014 Pebble Beach Concours d’Elegance to showcase its ultimate track-focused model, the McLaren P1 GTR in design concept form.
Conceived in response to requests from buyers of the road legal McLaren P1 for a track-focused edition of their car, and available for purchase only to this group as a fully comprehensive program to include driving events, training and vehicle support, the McLaren P1 GTR will go into production in June 2015 when the 375th and final example of the road car has been completed — two decades on from the famous 24 Hours of Le Mans win by the legendary McLaren F1 GTR.
The McLaren P1 GTR is being designed and developed using five decades of race-winning knowledge from the pinnacle of motorsport.
Participants in the program will have unprecedented access to the technologies, resources and expertise which have helped develop and train Formula 1 champions.
McLaren to display P1 GTR at Pebble Beach
McLaren to display P1 GTR at Pebble Beach
Price cuts drive sales of Saudi-owned electric car
- Lucid delivers more vehicles than expected as it prepares to launch luxury new Gravity SUV
RIYADH: The majority Saudi-owned electric car maker Lucid delivered more vehicles than expected in the past three months as price cuts helped boost demand.
The company delivered 2,394 cars from April to June 30, above analysts’ predictions of 1,940.
Lucid produced 3,838 vehicles in the first six months of 2024 and needs to make more than 5,162 cars by end of the year to meet its annual output forecast of 9,000. It made 8,428 cars in 2023.
“I think at this point everything is shaping for them to achieve that,” said Andres Sheppard, senior equity analyst at Cantor Fitzgerald. Lucid will produce and deliver more cars in the second half of the year because of the usual seasonal effects on the industry, he said.
Demand for electric vehicles has grown more slowly than expected pace in the past year, under pressure from high borrowing costs, economic uncertainties and consumer preference for hybrid alternatives.
Lucid and the market leader Tesla have responded by slashing prices and offering incentives such as cheaper financing options. Lucid, which is 60-per-cent owned by the Public Investment Fund, the Kingdom’s sovereign wealth fund, cut the price of its flagship Air model by 10 percent in February.
Its new Gravity SUV model, a rival for Tesla's Model X, goes into production this year and will cost about $80,000.
