Automotive

McLaren cut 1/4 workforce and mortgages assets

  • Last Updated:
  • May 26th, 2020 11:38 pm
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Dec 21, 2013
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The depreciation on all of their save for the P1 is unbelievable. Not many people can afford a $100K-$200K haircut within 24 months of ownership, especially when you just as well buy a Lamborghini or Ferrari for similar driving experience. I heard from owners that the McLaren 12c was terribly designed and while it was faster than everything else at its price point, the depreciation really murdered any joy of ownership.. if you could get past it being in the shop every other week.

In other news, Aston Martin's stock is again a penny stock and on the brink of bankruptcy. They have been bankrupt 7 times before...
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Sep 6, 2017
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georgecantstandya wrote: The depreciation on all of their save for the P1 is unbelievable. Not many people can afford a $100K-$200K haircut within 24 months of ownership, especially when you just as well buy a Lamborghini or Ferrari for similar driving experience. I heard from owners that the McLaren 12c was terribly designed and while it was faster than everything else at its price point, the depreciation really murdered any joy of ownership.. if you could get past it being in the shop every other week.

In other news, Aston Martin's stock is again a penny stock and on the brink of bankruptcy. They have been bankrupt 7 times before...
Time for Tata to buy them.
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Jan 27, 2004
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georgecantstandya wrote: The depreciation on all of their save for the P1 is unbelievable. Not many people can afford a $100K-$200K haircut within 24 months of ownership, especially when you just as well buy a Lamborghini or Ferrari for similar driving experience. I heard from owners that the McLaren 12c was terribly designed and while it was faster than everything else at its price point, the depreciation really murdered any joy of ownership.. if you could get past it being in the shop every other week.

In other news, Aston Martin's stock is again a penny stock and on the brink of bankruptcy. They have been bankrupt 7 times before...
cristianosham wrote: Time for Tata to buy them.
Soon to be Austin Mehta.

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