VARTA Automotive UK’s Post

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It was a great honour to join a number of key industry stakeholders at the SMMT annual dinner last night, celebrating the UK automotive industry.   2024 has been challenging for the industry as the speed and pace of transition takes effect. We have worked closely with our supply chain in responding to these challenges over the course of the year.   To make sure our sector can navigate these headwinds, a clear industrial strategy, led by investment in the domestic supply-chain, will deliver growth, support jobs, help decarbonise the economy and secure a vibrant future for the UK performance car industry. To be a successful car manufacturing nation, you need key technologies located within the domestic supply-chain of your country of manufacture.   The UK is home to some of the world’s most admired performance car brands, as well as the majority of Formula 1 racing teams. Building on the unique nature of the UK automotive industry, it is essential that we harness the skills, knowledge and ingenuity of the UK motorsport and performance car industry to create a global, high-performance centre of excellence – attracting the innovative supply chain needed to support such an industry. Investments in a world-class performance car supply chain will also benefit the wider industry in the future - look at the many racing or high-performance innovations that have been adopted into mass market – from enhancing performance to improved safety.   Together, we have a golden opportunity for the UK to lead the world as a centre-of-excellence in high-performance vehicle development. #SMMT #McLarenAutomotive

Ever wondered about our 3 Stage Sales Process? Well look no further, Tim's just filmed a video explaining what it is and how it may benefit you! Pop over to our YouTube and check it out. #mpc #cars #classiccars #carauction #sale

Zeekr starts dealer network. Four dealers announced as part of Zeekr’s national network plan | Matt McCroarey | ZEEKR Australia | Autosports Group | Autoleague | John McGrath Auto Group | SCL Automotive | Read GoAuto's story here: https://lnkd.in/gDranGP8

A new SSO Report on the Supercar Market just posted. https://lnkd.in/gy-Zxt8G Thoughts and comments? Where do you think the market is headed? #supercars #Ferrari #McLaren #Porsche #automobile #Astonmartin

🚗 𝗙𝗔𝗚𝗘𝗡𝗔𝗨𝗧𝗢 𝗷𝗼𝗶𝗻𝘀 𝗖𝗘𝗖𝗥𝗔 𝘁𝗼 𝘀𝘁𝗿𝗲𝗻𝗴𝘁𝗵𝗲𝗻 𝘁𝗵𝗲 𝗿𝗲𝗽𝗿𝗲𝘀𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗮𝘂𝘁𝗼𝗺𝗼𝘁𝗶𝘃𝗲 𝘀𝗲𝗰𝘁𝗼𝗿 𝗶𝗻 𝗘𝘂𝗿𝗼𝗽𝗲 🌍 At FAGENAUTO, we take another important step in our commitment to automotive agents and repairers in Spain and Europe. We are joining CECRA, a key organization in defending our sector, to strengthen our voice in shaping decisions that will define the future of mobility. 🔹 We firmly believe that the unity of key players in the sector is essential to successfully address current and future challenges. 🔹 Technological transformation, regulatory changes, and new consumer trends require strong and cohesive representation. 🔹 This partnership will allow us to expand our influence in Europe and ensure that industry professionals have the necessary support in this period of change. We thank CECRA for their warm welcome and reaffirm our commitment to actively contributing to the development of our industry. Together, we will achieve great milestones for the benefit of all. #Automotive #FAGENAUTO #CECRA #Mobility #AutomotiveSector #UnitedForTheFuture 🚀

#British #supercar manufacturer McLaren Group has been acquired by CYVN Holdings, a subsidiary of Abu Dhabi’s trillion-dollar sovereign #wealth fund. The acquisition marks a significant shift for McLaren, which has been striving to develop its first electric supercar and adapt to the evolving automotive landscape. Previously owned by Bahrain’s state-backed #Mumtalakat #Holding Company, McLaren’s automotive business will now be controlled by CYVN. The agreement comes on the heels of a challenging year for McLaren, which reported record losses of £924 million in 2023, nearly three times the £349 million loss recorded in 2022. As part of the deal, Mumtalakat will retain control of McLaren’s #racing division, while CYVN will hold a minority stake in the #overall #business. The transaction reflects the growing interest of Gulf investors in high-performance automotive brands and McLaren's ambitions to secure a foothold in the electric vehicle market. #amconews #uae #maclaren #maclaren720s #MaclanRacing

Proudly Emirati Car!! British supercar manufacturer McLaren has been acquired by CYVN Holdings, a subsidiary of Abu Dhabi’s trillion-dollar sovereign wealth fund. The acquisition marks a significant shift for McLaren, which has been striving to develop its first electric supercar and adapt to the evolving automotive landscape. Previously owned by Bahrain’s state-backed Mumtalakat Holding Company, McLaren’s automotive business will now be controlled by CYVN. The agreement comes on the heels of a challenging year for McLaren, which reported record losses of £924 million in 2023, nearly three times the £349 million loss recorded in 2022. As part of the deal, Mumtalakat will retain control of McLaren’s racing division, while CYVN will hold a minority stake in the overall business. The transaction reflects the growing interest of Gulf investors in high-performance automotive brands and McLaren's ambitions to secure a foothold in the electric vehicle market. #amconews #uae #maclaren #maclaren720s #MaclanRacing

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