McLaren Invests 675M for UK Growth
British supercar maker McLaren announced a 675 million dollar investment in its UK manufacturing operations. The funding will support new models including its first SUV to boost sales.
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McLaren will invest $675 million to expand manufacturing in the United Kingdom and develop its first-ever SUV model. The supercar maker aims to lift sales and pursue higher profit margins to rival competitors. The expansion follows a major restructuring backed by its main shareholder, Abu Dhabi's sovereign wealth fund LIMAD, which has committed 1.5 billion pounds over five years.
