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Mercedes-Benz has also produced a sports car with McLaren Cars, an extension of the collaboration by which Mercedes engines are used by the Team McLaren-Mercedes Formula One racing team, which is part owned by Mercedes. The 2003 Mercedes-Benz SLR McLaren has a carbon fiber body with a 5.4l V8 supercharged engine.

This is the same block as featured in SL55 AMG and the CLS55 AMG, though modified to give 460 kW (630 PS; 620 hp) and 780 N·m (575 ft·lb) of torque. The SLR has a maximum speed of 337 kilometres per hour (209 mph) and costs approximately US$500,000. Due to European pedestrian-protection regulations, McLaren has decided to cease production of the SLR in 2009.

The most recent new joint-venture model, expected to reach production, is the mid-engine P8 sports car. Based around a unique carbon fiber monocoque, manufactured by McLaren, the P8 was originally predicted to receive the new naturally aspirated 6.2L V8 from Mercedes-AMG, but insiders say that the engine will be modified for the car and will probably be twin- turbocharged to produce in excess of 600 bhp (450 kW).

The car is still in development, but likely to reach production to go on sale in early 2008, and have a price tag less than that of the SLR.