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McLaren Spends $1 Billion on Super Cars to Challenge Ferrari

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McLaren Group plans to spend as much as $1 billion developing and marketing a range of sports cars to take on models from Ferrari SpA and Lamborghini SpA.

The U.K. company plans to unveil 13 models and variants in the coming years to build its lineup, Antony Sheriff, McLaren Automotive’s managing director, said in a London interview.