McLaren to create 1000 UK jobs with new £450m investment

McLaren has announced a significant £450 million investment aimed at establishing a new technology centre in the UK, which is projected to create around 1,000 jobs. This move is seen as a positive development for the UK's automotive sector, especially in light of recent job cuts announced by Jaguar Land Rover due to declining sales figures.

The investment will enhance McLaren's capabilities in manufacturing and research and development at their Woking facility. This follows the acquisition of McLaren Automotive by CYVN Holdings, which is owned by the Abu Dhabi government, signaling a strategic shift and commitment to expanding McLaren's presence in the automotive industry.