<ul><li>McLaren Automotive will merge with British start-up firm Forseven following the acquisition of the British supercar maker by Abu Dhabi government-owned investment firm CYVN Holdings.</li><li>The merger results in the formation of McLaren Group Holdings, with Forseven CEO Nick Collins becoming the CEO of the newly-formed company.</li><li>The plan is to expand McLaren's product range with models at higher price points and focus on both electric and internal combustion engine units.</li><li>McLaren facilities in Woking and Yorkshire will be retained, and the companies will be integrated with no immediate job cuts. Future plans for production locations are yet to be disclosed.</li></ul>

McLaren Group Holdings formed from McLaren-Forseven merger; to go beyond mid-engined cars

Discover more