McLaren Automotive has announced a significant £500 million investment to bolster its UK manufacturing and engineering operations, paving the way for the development of next-generation models. This initiative is part of a broader commitment from McLaren’s shareholder, L’IMAD, a sovereign investor from Abu Dhabi, highlighting the company’s dedication to its roots in Britain, where it was established in 1963.
Key Highlights of the Investment:
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Manufacturing Expansion: The investment will enhance production capacity to increase vehicle output, including a newly confirmed performance SUV. A new assembly facility is planned in the UK to facilitate this growth.
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In-House Powertrains: For the first time, McLaren will design and manufacture its own powertrains, starting with two new engines to support a hybrid engine strategy.
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Job Creation: The initiative is expected to create at least 1,000 direct and indirect jobs by 2032, doubling the manufacturing workforce in the UK. Additional jobs are anticipated throughout the supply chain.
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New Facilities: McLaren will expand its existing production center in Woking and its carbon-fiber facility in South Yorkshire, along with newly opened sites in Bicester and the Midlands.
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Support for UK Industry: The investment aims to bolster the UK automotive sector and enhance exports by creating up to 3,000 jobs within the supply chain.
Statements from Leadership:
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Jassem Al Zaabi: Emphasized the strategic direction and potential growth of McLaren Automotive, reflecting confidence in its future.
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Nick Collins: Stated that this investment will sustain and enhance McLaren’s distinct offerings while investing in people and technology.
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UK Prime Minister Andy Burnham: Praised McLaren’s commitment to British manufacturing, emphasizing the potential for skilled job creation and economic growth.
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SMMT Chief Executive Mike Hawes: Highlighted the investment as a robust indication of the UK’s capability in high-performance automotive design and manufacturing.
This investment represents a solid commitment by McLaren to advance its manufacturing capabilities and product offerings, nurturing talent and boosting the UK automotive industry.
