McLaren is believed to have given the green light to plans that will create 1,000 jobs with a new investment worth hundreds of millions of pounds.
The iconic British marque will invest £450million in a new technology centre in Woking, close to its vehicle manufacturing base.
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According to the Financial Times, the investment will create 1,000 new jobs. McLaren currently employs 2,500 staff.
It is believed to include a major product and strategic overhaul in a major boost for the British vehicle production sector.
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The investment will create 1,000 jobs, including direct and agency workers, the FT reported.
It comes just days after Jaguar Land Rover announced plans to cut 4,000 jobs over the next two years in a bid to save £1.7billion.
The British manufacturer has struggled recently as a result of geopolitical issues, pauses in production and US tariffs.
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