McLaren Supercars to Invest Millions in Yorkshire Factory
- On Tuesday, British supercar maker McLaren announced a £500 million investment in UK manufacturing to develop new models, including its first-ever SUV, targeting higher profit margins.
- Following an acquisition by Abu Dhabi's CYVN Holdings last year, McLaren seeks to reverse a sales decline that saw volume fall to about 2,000 cars in 2025 from less than 3,300 in 2024.
- Expanding the product portfolio with an SUV will help lower material costs, McLaren Chief Operating Officer Michael Straughan said, citing growth success at Lamborghini and Bentley in the segment.
- Building a new assembly plant in England will create 1,000 jobs by 2032; McLaren CEO Nick Collins said the company will pursue electric vehicles only when customers demand them.
- Amid industry-wide restructuring at Volkswagen and Jaguar Land Rover, Prime Minister Andy Burnham praised the investment, saying McLaren is "doubling down on Britain" with this commitment.
33 Articles
33 Articles
Evening Standard
McLaren announces plans for £500m investment in UK
An estimated 1,000 jobs could be created at the luxury carmaker’s sites in Woking and South Yorkshire by 2032.
Automotive Testing Technology International
automotivepowertraintechnologyinternational.comMcLaren Automotive expands UK manufacturing, engineering and operations with £500m investment
McLaren Automotive has announced a £500m (US$673m) investment program to expand its UK manufacturing, engineering and operations, enabling it to accelerate the development of its next generation of models. Nick Collins, chief executive officer of McLaren Group and McLaren Automotive, said, “This investment gives us the platform to grow, develop and build on what makes us distinctive, while investing in the people, technologies and products that …
Major car brand invests £500million to secure UK future and create 1,000 new jobs
Iconic British car brand McLaren has confirmed its intention to invest £500million into its UK operations and support the creation of 1,000 high-skilled jobs.McLaren Automotive will expand its UK footprint at its manufacturing and R&D facilities in Woking and South Yorkshire with the huge investment.The funding programme stems from a commitment by shareholder L'IMAD, a sovereign investor of the Government of Abu Dhabi, to anchor its future in th…
Coverage Details
Bias Distribution
- 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
