Ron Dennis, the man behind the McLaren-Mercedes F1 team, announced he'll be stepping down from his position on March 1st to concentrate on McLaren's future endeavors. Dennis made it clear during today's press conference that his departure shouldn't be perceived as retirement. On the contrary, Dennis said, "The first thing I'm going to do is work harder." And by "work harder" Dennis means he'll be focusing on the new road-going efforts of McLaren Automotive.

The new McLaren supercar – codenamed the P11 – is slated to hit roads in 2010, with power provided by a 600-hp AMG-sourced 6.2-liter V8. Three different variants will be offered, ranging from a standard road car, a convertible and a race-ready version. McLaren is also rumored to be working on two other models, including a Porsche 911-fighter expected to be priced below $100,000. In this economy, Ron has his work cut out for him.

At the end of February, Dennis will end his 28-year reign at McLaren-Mercedes and hand over the day-to-day operations to current team CEO, Martin Whitmarsh. Thanks to all who tipped in.

[Source: ITV-F1 | Image: Getty/AFP]