Ricardo and McLaren Automotive Announce Long-Term Multi-Year V8 Engine Supply Agreement Partnership for Future High-performance Hybrid Powertrains
Ricardo, a global strategic environmental and engineering consulting company with specialisms in niche manufacturing and industrial engineering has announced a long-term, multi-year partnership with British supercar company McLaren Automotive to manufacture its next-generation V8 power unit.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230509005049/en/
Ricardo plc and McLaren Automotive announce long-term multi-year V8 engine supply agreement partnership for future high-performance hybrid powertrains. (Photo: Business Wire)
Designed in-house by McLaren’s powertrain team, the new high-performance V8 engine will power the next generation of lightweight, high-performance hybrid supercars as part of the company’s Future of Performance strategy.
This is the third extension and fourth generation of the engine supply agreement between the two companies. Ricardo has built both the V6 and V8 engines that will power McLaren’s existing and future high-performance hybrid supercars.
Since the introduction of McLaren’s first series production supercar, the 12C in 2011, Ricardo has produced over 34,000 McLaren powertrains at its purpose-built assembly facility at Shoreham-by-Sea in the UK, before delivering them to the McLaren Production Centre in Woking, in the UK, where McLaren designs and hand builds its supercars.
Under the terms of the agreement, Ricardo will supply both hybrid and non-hybrid variants. To support this, Ricardo and McLaren will make further investment in the high-performance engine production facility at Shoreham, with over 100 expert manufacturing engineers and technicians committed to supplying McLaren’s high-performance powertrains.
Graham Ritchie, Chief Executive Officer, Ricardo plc, said: “We are extremely pleased to have concluded this long-term multi-year engine supply agreement with McLaren Automotive, for its next generation high-performance V8 powertrain, which extends the long-term relationship between both companies into the next decade. Like McLaren, Ricardo has a proven track record of engineering excellence, delivering high performance technology and the highest standards of product quality supported by the upstream supply chain. With this agreement, we look forward to continuing our established and highly successful relationship with McLaren into its third decade.”
Michael Leiters, Chief Executive Officer, McLaren Automotive said: “Our new high-performance, hybrid V8 powertrain will form an integral part of McLaren’s next generation product line-up delivering best-in-class performance and thrilling driver engagement.”
“This new agreement with Ricardo is, therefore, an important part of our ‘Future of Performance’ strategy and builds on the enduring relationship between the two British companies, providing a boost for jobs and ensuring increased investment in what is a vitally important domestic engineering supply chain for future technologies.”
-Ends-
About Ricardo
Ricardo plc is a global strategic, environmental, and engineering consulting company, listed on the London Stock Exchange. With over 100 years of engineering excellence and employing close to 3,000 employees in more than 20 countries, we provide exceptional levels of expertise in delivering leading-edge and innovative cross-sector sustainable products and solutions. Every day, we enable our customers to solve the most complex and dynamic challenges to help achieve a safe and sustainable world. Visit www.ricardo.com
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230509005049/en/
Contact information
Media contacts:
Kathryn Bellamy
Group Senior Communications Manager
Ricardo plc
Email: kathryn.bellamy@ricardo.com
Telephone: +44(0)7921 941824
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Eaton Receives 2024 Automotive News PACEpilot Recognition for Its 4-Speed Electrified Vehicle Transmission6.5.2024 13:30:00 EEST | Press release
Intelligent power management company Eaton’s heavy-duty 4-speed electrified vehicle (EV) transmission was named a 2024 Automotive News PACEpilot Innovation to Watch at an awards ceremony on April 29. The recognition acknowledges post-pilot, pre-commercial innovations in the automotive and future mobility space. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240506431002/en/ Members of Eaton’s heavy-duty 4-speed electrified vehicle (EV) transmission team are, left to right, Scott Adams, Julie Marshaus, Justin Hopkins and Mark Kramer. (Photo: Business Wire) Eaton’s EV transmission provides superior performance on grades and acceleration for electric commercial vehicles while offering more flexible gear ratios compared to competitive technologies. The compact 4-speed transmission for heavy-duty applications is designed to improve system efficiency, enabling longer vehicle range and battery life. “We are honored to be chosen by
Ex- DocuSign, Oracle Leader Appointed to 6sense Senior Vice President of GTM International6.5.2024 11:00:00 EEST | Press release
6sense®, the leading platform to revolutionize the way B2B organizations create, manage, and convert pipeline to revenue, today announced the recent appointment of Andy Champion as Senior Vice President of GTM International. Champion’s impressive background brings over three decades of highly relevant experience to the organization which includes sales and marketing expertise at high growth, globally focused, private and public companies. “Andy’s track record of scaling organizations, both in headcount and revenue, will be instrumental in our global growth plans,” said Mark Ebert, SVP of Sales at 6sense. "But he also carries with him a unique ability to foster and develop both a fun and high-performing team culture. With a new London office space opening soon, I am incredibly excited for this next chapter for 6sense." The announcement highlights 6sense’s growing influence in the B2B sales and marketing landscape, with continued expansion efforts into new geographies and verticals servi
Kindeva Drug Delivery Invests in Second Manufacturing Line for Greener Inhalers at UK Manufacturing Site6.5.2024 10:00:00 EEST | Press release
Kindeva Drug Delivery (Kindeva), a global leader in drug-device combination products, today announced its investment in a second manufacturing line for the production of pressurized metered-dose inhaler (pMDI) products containing low-GWP (Global Warming Potential) propellants in its Loughborough, U.K., facility. This new line will be capable of handling both HFA-152a and HFO-1234ze propellants — that have a GWP of 90% and 99.9% lower than the industry standard HFA-134a, respectively — and is anticipated to be operational in 2026. Kindeva’s first pMDI manufacturing line, which was announced in 2022, is in its installation phase and will be completed later in 2024. Milton Boyer, Kindeva’s CEO said: “This investment will bring to the market one of the first large-volume commercial green propellant lines to the contract manufacturing market capable of supplying up to 50 million pMDI units per year. This second investment in low-GWP GMP manufacturing capacity further underscores Kindeva’s c
INRED and SES to Provide High-Throughput Connectivity Across Colombia’s Amazonas6.5.2024 09:50:00 EEST | Press release
Following a series of successful collaborations to close the digital divide, Colombian local connectivity service provider INRED and SES will deliver high-throughput connectivity services via SES’s Medium Earth Orbit (MEO) satellites to more than 500 homes, schools, government entities, and thousands of habitants in the department of Amazonas, both companies announced today. With the aim of supporting the Colombian government’s efforts to connect remote and hard-to-reach locations under the Amazonas Digital initiative, INRED is leveraging SES’s MEO satellites to connect the city of Leticia and other rural areas in Amazonas. SES’s MEO satellites, which orbit at 8,000 km above the Earth’s surface, will play a major role in complementing the government’s digital inclusion initiatives to deliver connectivity to even the most hard-to-reach regions in the country, ensuring people and businesses in these areas have equal access to social and economic opportunities. “Having a long-term partner
SES to acquire Intelsat: Investor Relations Frequently Asked Questions6.5.2024 09:00:00 EEST | Press release
SES S.A.: 1) What is the rationale of the transaction? What is the benefit for SES shareholders? This combination creates a stronger and more competitive multi-orbit operator with expanded network, increased revenue in highly valuable and growth segments, stronger financial profile, and greater ability to invest in the future to better compete in a dynamic, fast-moving, and competitive satellite communications landscape. The combined company’s capabilities, alongside complementary partnerships, will provide customers with enhanced coverage, improved resilience, and greater flexibility, as well as enabling the company to develop and deliver compelling solutions to drive the specific applications that customers need. The transaction is highly accretive to free cash flow per share from Year 1 and delivers €2.4 billion net present value of synergies (representing 85% of the equity value for Intelsat and an annualised run rate of around €370 million) of which 70% will be executed within 3 y
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom