Ricardo and McLaren Automotive renew engine supply agreement
15 February 2019
Ricardo has signed a new engine supply contract with McLaren Automotive. The latest agreement is the largest ever signed by the British supplier and 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 as its purpose-built assembly facility at Shoreham in the UK. In the past year production levels approached 5,000 engines, while the total delivered since the partnership commenced now significantly exceeds 15,000.
"This supply agreement will take the highly successful relationship with McLaren into its second decade, and together with the entire Ricardo team I look forward to working with McLaren to deliver the engine needs into the Track25 business plan over the years ahead, including products featuring hybrid technologies," said Ricardo CEO Dave Shemmans.
Under the terms of this new agreement, Ricardo is nominated as the supplier for engine requirements as McLaren embarks on its Track25 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.
"McLaren is pleased to be continuing our very strong relationship with Ricardo as our engine supplier," said Mike Flewitt, CEO at McLaren Automotive.
"Ricardo shares McLaren's passion for exceptional performance, product innovation and quality. It has also become a trustworthy and reliable partner to McLaren in engine manufacture. We look forward to working with Ricardo and to receiving its full support as we implement our Track25 business plan."
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