The mid-engined McLaren P11 is not the only supercar being planned by Ron Dennis Inc. But it will be the best, and more expensive than Lamborghinis and Ferraris.

As Dr. Ron Dennis (he has an honorary DSc and DTech) resigns his position of CEO at McLaren Racing, he takes up a new role as the chief of McLaren Automotive. This division of the McLaren Group has been working on the upcoming P11 super car for the past two years. The P11 aims to follow on the past successes of the original McLaren F1 and the McLaren SLR produced for Daimler.

A thousand cars will be made in 2011. By the year 2015 McLaren Automotive will produce 4,000 low-volume sports cars of varying performance, character and price. They will be pitched higher than Italian rivals Ferrari F430/450 and the Lamborghini Gallardo. At the top of the range will be the P11. The mid-engined two-seater car will have high-mounted exhausts, a flat underpan and louvred grille among other details. It is said to be environmentally-conscious and could feature such technologies as a road car version of Kinetic Energy Recovery Systems (KERS).

"The reorganisation of the McLaren Group is an extraordinarily ambitious plan," Dennis said to UK CAR magazine. "We plan to double the value of McLaren within the next three to five years. We have to grow beyond F1 and I truly believe our timing is right."

He went on to say the group will sell up to 49% of the automotive division in order to help raise the required £250 million investment that will help run the company and keep it debt-free. The factory which will build these exclusive McLarens is to be constructed in a yet-to-be-announced location in the UK from July. About 800 jobs will be created as a result.

The spy video of the McLaren P11 shown here was first published on the 11th February 2009.


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