McLaren to compete with Lamborghini and Ferrari with its first SUV
The British sports car manufacturer expects this initiative to help it increase sales and profits and put an end to years of losses.
McLaren, the British sports car manufacturer, is launching its first SUV with a hybrid engine in a bid to boost sales and end years of losses. The company, which has received a £500 million investment from its Abu Dhabi owner, is also planning to build a new assembly plant in the UK, creating at least 1,000 jobs by 2032. McLaren's CEO, Nick Collins, expects the SUV to help increase sales, following the lead of other luxury car brands such as Ferrari, Lamborghini, and Aston Martin.
The company currently sells around 2,000 cars a year and has a production capacity of approximately 3,000 vehicles at its Woking plant.
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