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Can Michael Leiters save McLaren? The supercar maker's CEO talks to R&T about his plans for an SUV that isn't, electric supercars, and the importance of limiting limited editions.
Stuart Simpson, the company's CFO and seasoned FTSE100 executive, has been appointed to CEO, effective immediately.
The electric air taxi manufacturer risked running out of cash this year amid funding concerns and a recent crash of its prototype.
Founder and CEO Stephen Fitzpatrick commits to invest $50 million equity capital into Vertical Aerospace Initial tranche of $25 million at $10 per share; second tranche of $25 million at a price...
Vertical Aerospace secures a significant $50 million funding boost from CEO Stephen Fitzpatrick, reinforcing its financial position and extending cash runway into Q2 2025. The investment, marked by pre-orders for 1500 VX4 aircraft and regulatory approvals, positions Vertical as a key player in Advanced Air Mobility. Chairman Mike Flewitt applauds Fitzpatrick's commitment, foreseeing transformative developments in the U.K.-developed electric aircraft.