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In March 2010 McLaren Automotive unveiled its MP4-12C model, alongside plans to produce around 4,000 cars per 12 months at its Woking factory by the center of the last decade. At the Paris Motor Present in September 2010 Lotus Automobiles unveiled 5 new models because of go on sale by 2016, alongside plans for an funding of £770 million over 10 years, the entire redevelopment of its Hethel manufacturing facility and an increase in manufacturing from under 3,000 vehicles per year to six,000 to 7,000. In December 2010 it was announced that Renault had bought its remaining 25% shareolding in its eponymous Components 1 team to Lotus Automobiles, and that the staff can be renamed Lotus Renault in 2011.
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