1 of 1
Story summary
- McLaren will invest £450 million in a new technology centre in Woking, creating 1,000 jobs.
- CYVN Holdings, which bought McLaren’s automotive business, plans a $2 billion (£1.4 billion) investment over five years.
- Jaguar Land Rover will cut 4,000 jobs over the next two years, adding sector pressure.
- From early 2027 UK carmakers will face a 10% tariff on electric vehicles exported to the EU.
