Automotive

Automotive 31-05-2018

$2.25 billion SoftBank investment for GM’s Cruise division

Japanese investment group SoftBank plans a significant investment with General Motors to support the car manufacturer’s plans for autonomous vehicle development. The deal for GM’s Cruise division will come in two rounds, first with a $900m addition, and a subsequent $1.35b once vehicle development reaches the stage necessary for commercial release. Once the deal is […]

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Automotive 31-05-2018

McLaren’s £50 million manufacturing facility completed

The supercar manufacturer is celebrating the completion of their new Composites Technology Centre, or MCTC. The keys to the building were handed over to Ruth Nic Aoidh, executive director, commercial and legal for McLaren Automotive. The facility, based in South Yorkshire, will facilitate the construction of high-strength, lightweight carbon fibre parts for McLaren’s high-end sportscars […]

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