Automotive reports

This week underlined the automotive industry’s capability to drive UK investment, decarbonisation and regional growth with two major announcements in next-generation products and jobs. McLaren’s £500 million commitment including a new model, carbon fibre development and 1,000 new skilled roles was welcomed by a factory visit from Prime Minister Andy Burnham on Wednesday. On the same day, Nissan confirmed a £170 million investment to produce a new model at its Sunderland plant, bolstering output and safeguarding jobs. Both reflect a vote of confidence in – and strengthening of – Britain’s automotive industry.