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McLaren to invest £500m in UK expansion and first performance SUV
McLaren Automotive has announced a £500 million investment to expand its manufacturing and engineering operations in the United Kingdom. Supported by L’IMAD, a sovereign investor from Abu Dhabi, the funding aims to facilitate the development of the company’s first-ever performance SUV, expected to launch before 2030.
The investment will fund a new vehicle assembly facility in the UK and expand existing sites, including the McLaren Production Centre in Woking and the Composites Technology Centre in South Yorkshire. This expansion is projected to create at least 1,000 direct and indirect jobs by 2032 and could potentially double the manufacturing workforce.
A key component of this strategic shift is the move toward in-house production. For the first time, McLaren will design and build its own future powertrains, including two new engines and transmissions, to support its hybrid engine strategy. CEO Nick Collins stated the investment provides a platform to grow and remain competitive while delivering products in a “McLaren way.”
Entities
Abu Dhabi · CYVN Holdings · L’IMAD · McLaren Automotive · Michael Leiters · Nick Collins · United Kingdom
Claims
What the coverage asserts, and how many sources carry each claim.
- [DISPUTED] The new SUV is expected to debut globally by 2029 or before 2030. autopro.com.vn · brasil.perfil.com
- [● 2 SOURCES] The expansion is expected to create at least 1,000 jobs by 2032. zenoot.com · autopro.com.vn
- [● 2 SOURCES] McLaren will produce its first high-performance SUV, intended to compete with models like the Ferrari Purosangue. autopro.com.vn · brasil.perfil.com
- [● 3 SOURCES] McLaren Automotive is investing over £500 million to expand manufacturing and engineering operations in the UK. zenoot.com · autopro.com.vn · brasil.perfil.com
- [● 2 SOURCES] McLaren will design and build its future powertrains, including two new hybrid engines and transmissions, in-house. zenoot.com · brasil.perfil.com
- [● 2 SOURCES] The investment is supported by L’IMAD, a sovereign investor from the Government of Abu Dhabi. zenoot.com · brasil.perfil.com
- [● 2 SOURCES] The company plans to build a new vehicle assembly facility in the UK. zenoot.com · autopro.com.vn