McLaren Sees China Slowdown Persisting Amid Bling Crackdown

McLaren Automotive Ltd., maker of the million-dollar P1 supercar, said it has yet to see signs of a recovery in demand in China since the ruling Communist Party began cracking down on conspicuous extravagance late last year.

“The visibility that used to be an asset -- we used to be OK just a few years ago -- now it’s not really a plus,” Mirko Bordiga, regional director of the British supercar maker, said in an interview yesterday in Guangzhou, southern China. “There are many issues that are in the market that doesn’t really let us hope that the market is growing that much.”