Automotive
McLaren confirms plans for first SUV backed by major investment
A sovereign wealth fund is funding manufacturing expansion and in-house engine development in the U.K.
The short version
- McLaren announced a £500 million ($672 million) investment from Abu Dhabi sovereign investment fund L’IMAD to expand its U.K. operations.[Car and Driver]
- The automaker confirmed it is developing its first-ever performance SUV along with two new in-house engines and transmissions.[Car and Driver · Jalopnik]
- The expansion involves building a new U.K. assembly facility and is projected to create at least 1,000 jobs by 2032.[Car and Driver]
- Unconfirmed reports indicate McLaren's Artura supercar may be discontinued by 2028 and replaced by a mid-engined hybrid.[Car and Driver]
Key facts
- McLaren secured a £500 million ($672 million) investment from Abu Dhabi sovereign investment fund L’IMAD.[Car and Driver · Jalopnik]
- The funding will support a new U.K. vehicle assembly facility and in-house development of future engines and transmissions.[Car and Driver · Jalopnik]
- McLaren expects the expansion to double its manufacturing workforce and create at least 1,000 new jobs by 2032.[Car and Driver]
What remains uncertain
- McLaren has not disclosed specific technical details or release timelines for its upcoming SUV.[Car and Driver]
- Reports that the Artura supercar will be discontinued by 2028 rely on an anonymous dealer account.[Car and Driver]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.