RE: McLaren seeks extra funding to mitigate losses

RE: McLaren seeks extra funding to mitigate losses

Author
Discussion

had ham

4,148 posts

138 months

Saturday 23rd May
quotequote all
plenty said:
The Bishop's Stortford bypass is tempting indeed smile
Sssshhhhh!

....and the B1004, the A602, even the A414, and, and.....there's quite a few very good roads around here where it's easy to have some very safe fast fun...

had ham

4,148 posts

138 months

Saturday 23rd May
quotequote all
650spider said:
I think he means BMW M4 with the comp pack.

Quick car...i am guessing even more so if remapped.
Yep, sorry, a BMW M4 Competition with a little remap, so about 480hp or so. Fast enough, but nowhere near as fast as any of the Macs of course, because at the end of the day it's just a big-engined re-purposed repmobile - but it does very nicely for me as a daily.

The point I was trying to make was that it is entirely possible to still enjoy the performance of a more-powerful-than-average car in the South East. I'm only an hour commute, door-to-door, from my office in The City, but I'm surrounded by a lot of fun roads where you can very safely enjoy that more-powerful-than-average thing.



Centurion07

8,018 posts

202 months

Saturday 23rd May
quotequote all
JxJ Jr. said:
Centurion07 said:
THAT is what you need to be a customer for to be an accurate gauge....still the only person that can truly answer that is the person parting with their own money for the product.
Except there are two other groups of people that do answer that question - potential customers who decide not to part with their money and the wider customer base that prices the secondary market.
Literally NOT a customer. confused

It is impossible for you to be in any way ripped off if you haven't parted with any money. Your loss is zero. Not only that but if you don't buy one then what exactly is your experience of one? How can you say it's not worth the money when you didn't buy it? It may not be worth the money TO YOU, but it doesn't mean it isn't worth it.






Matty3

650 posts

39 months

Saturday 23rd May
quotequote all
smile

Knew I should have bought that 330d. Then mapped it smile

Edited by Matty3 on Saturday 23 May 22:32

SidewaysSi

7,357 posts

189 months

Saturday 23rd May
quotequote all
Centurion07 said:
JxJ Jr. said:
Centurion07 said:
THAT is what you need to be a customer for to be an accurate gauge....still the only person that can truly answer that is the person parting with their own money for the product.
Except there are two other groups of people that do answer that question - potential customers who decide not to part with their money and the wider customer base that prices the secondary market.
Literally NOT a customer. confused

It is impossible for you to be in any way ripped off if you haven't parted with any money. Your loss is zero. Not only that but if you don't buy one then what exactly is your experience of one? How can you say it's not worth the money when you didn't buy it? It may not be worth the money TO YOU, but it doesn't mean it isn't worth it.
I could be a customer who is happy with chucking money down the toilet so don't feel ripped off at all. Does that make it better/alright?

marine boy

409 posts

133 months

Saturday 23rd May
quotequote all
I worked at McLaren for many years, was a longtime ago so the road car side was a very small group and I only have fond memories of my time there

Personally I wouldn't rush out to buy a new McLaren if I had the money but on the other hand I sincerely hope for the sake of the British car industry, car enthusiasts and everyone working there the company goes from strength to strength


JxJ Jr.

480 posts

25 months

Saturday 23rd May
quotequote all
Centurion07 said:
It is impossible for you to be in any way ripped off if you haven't parted with any money. Your loss is zero.
I think we're confusing each other.

No one is claiming you can be ripped off by not buying.

Only buyers can be or can feel ripped off.
Anyone can feel something is a rip off or someone is ripping people off, including potential customers who react by not buying or a secondary market who reacts by pushing prices down.

had ham

4,148 posts

138 months

Sunday 24th May
quotequote all
Matty3 said:
smile

Knew I should have bought that 330d. Then mapped it smile

Edited by Matty3 on Saturday 23 May 22:32
Awwwwww, Matty, are you still butt-hurt?

Centurion07

8,018 posts

202 months

Sunday 24th May
quotequote all
JxJ Jr. said:
Only buyers can be or can feel ripped off.
.
Which is exactly my point and that of the owners on this thread.

If you don't own one you cannot examine in any great detail WHY it's a rip-off.

I own a car that when it first came out, lots of people were saying "oh, but you could've had XYZ for the same money", completely overlooking the fact that I didn't want XYZ.

XYZ all offered individual things that my car has, but people still repeated this XYZ thing. People that hadn't even sat in one, or even driven one.

The only person able to judge that the car I bought was right for me despite not offering XYZ, was me.

People are perfectly entitled to say "I don't like Mclaren because....", but you can't say they're ripping their customers off when those people have looked at a car, decided they're happy with the price AND PAID IT.

We're arguing semantics here but I sure as st got fed up hearing the same boring bullst about my car from people with ZERO knowledge of it.

A popular line trotted out about it was "oh, it's far too big". It's within an inch widthways AND lengthways of a MK4 Mondeo estate. You know, that absolute behemoth of a vehicle. rolleyes

Pretty sure if I'd spent six figures on a car I'd be even more tired of hearing non-owners bleating about how I've been ripped off.

Matty3

650 posts

39 months

Sunday 24th May
quotequote all
had ham said:
Matty3 said:
smile

Knew I should have bought that 330d. Then mapped it smile

Edited by Matty3 on Saturday 23 May 22:32
Awwwwww, Matty, are you still butt-hurt?
Certainly not from a BMW up my rear end - they cant get that close smile

Really look forward to reposting your next post Sad Ham smile

Edited by Matty3 on Sunday 24th May 23:10

Cold

9,132 posts

45 months

Tuesday 26th May
quotequote all
They've just announced they will be cutting 1200 jobs (approx 25% or the workforce and mostly in the UK) to help reduce costs.

https://www.bbc.co.uk/news/business-52808927

wab172uk

1,675 posts

182 months

Tuesday 30th June
quotequote all
Surely £150m to a car company is nothing? Even as small as McLaren?

VW are (was) burning £2 Billion a week.

You wonder how long that will last them?

Leftfootwonder

283 posts

13 months

Tuesday 30th June
quotequote all
wab172uk said:
Surely £150m to a car company is nothing? Even as small as McLaren?

VW are (was) burning £2 Billion a week.

You wonder how long that will last them?
My thoughts exactly but I am desperate for them to succeed so keeping everything crossed!

Hairymonster

608 posts

60 months

Tuesday 30th June
quotequote all
ralphrj said:
The £300m of new equity was in the form of preference shares at 15% annual interest. Not what I would call "shipshape".
If they're having to attract buyers with preference shares at that rate of interest, I think they're on shaky ground.

I'd hate to see them disappear, but i think they need to get their business model sorted out with the oversupply of cars to dealers. Make what you can sell, not what you'd like to sell or think you can sell.

jason61c

3,567 posts

129 months

Tuesday 30th June
quotequote all
wab172uk said:
Surely £150m to a car company is nothing? Even as small as McLaren?

VW are (was) burning £2 Billion a week.

You wonder how long that will last them?
It shows an amount of desperation that'll only cause warmth in the heart of their competitors.

It looks like the road side needs a massive change to their business model for them to have any hope of surviving.

BVB

769 posts

108 months

Wednesday 1st July
quotequote all

Cool F1 driver lineup in Norris and Ricciardo.

Argleton

3,695 posts

53 months

Wednesday 1st July
quotequote all
jason61c said:
wab172uk said:
Surely £150m to a car company is nothing? Even as small as McLaren?

VW are (was) burning £2 Billion a week.

You wonder how long that will last them?
It shows an amount of desperation that'll only cause warmth in the heart of their competitors.

It looks like the road side needs a massive change to their business model for them to have any hope of surviving.
I bet Ferrari are quaking in their (prancing horse branded) boots as they sell another pallet of pencil cases.