started · updated
McLaren to invest £500m in UK for new performance SUV
McLaren Automotive has announced a £500 million investment in its United Kingdom operations, aimed at expanding manufacturing, engineering, and research and development capabilities. The funding, supported by Abu Dhabi-based sovereign investor L’IMAD, will facilitate the development of a new generation of vehicles, most notably the company’s first high-performance SUV.
This new SUV, internally referred to as the P47, is expected to be a four-door, five-seat hybrid model, with a projected market launch around 2028. As part of this strategic shift, McLaren will also begin manufacturing engines and transmissions in-house for the first time, moving away from total reliance on external suppliers.
The investment will impact several UK sites, including the production centre in Woking, the composites technology centre in South Yorkshire, and new facilities in Bicester and the Midlands. The expansion is projected to create at least 1,000 direct and indirect jobs by 2032 and is expected to double the company’s manufacturing workforce.
Entities
Abu Dhabi · Andy Burnham · CYVN Holdings · Jonathan Reynolds · L’IMAD · McLaren Automotive · Nick Collins · South Yorkshire · United Kingdom
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 4 SOURCES] The upcoming SUV, internally codenamed P47, will feature a hybrid powertrain. autotrader.co.nz · www.diariomotor.com · fr.motor1.com · robbreport.com
- [DISPUTED] McLaren is developing its first high-performance SUV, which is expected to launch around 2028. autotrader.co.nz · www.promotor.ro · www.klix.ba · www.diariomotor.com · fr.motor1.com · +1 more
- [● 8 SOURCES] McLaren will begin manufacturing engines and transmissions in-house for the first time. dailycarblog.com · autotrader.co.nz · www.easterneye.biz · olaygazete.co.uk · www.caranddriver.com · +3 more
- [● 4 SOURCES] The investment will expand existing operations in Woking and the South Yorkshire composites centre. dailycarblog.com · www.easterneye.biz · olaygazete.co.uk · www.caranddriver.com
- [● 3 SOURCES] The investment is backed by L’IMAD, a sovereign investment fund from Abu Dhabi. dailycarblog.com · www.caranddriver.com · www.sondakika.com
- [● 7 SOURCES] McLaren plans to build a new vehicle assembly facility in the United Kingdom. dailycarblog.com · www.easterneye.biz · olaygazete.co.uk · www.caranddriver.com · www.klix.ba · +2 more
- [● 8 SOURCES] The investment is expected to create at least 1,000 direct and indirect jobs in the UK by 2032. dailycarblog.com · www.easterneye.biz · olaygazete.co.uk · www.caranddriver.com · www.klix.ba · +3 more
- [● 10 SOURCES] McLaren will invest £500 million in its UK engineering and manufacturing operations. dailycarblog.com · autotrader.co.nz · www.easterneye.biz · olaygazete.co.uk · www.caranddriver.com · +5 more