Luxury car maker Jaguar Land Rover, part of Indian group Tata Motors, said it will invest £355 million (Dh2.04 billion) on a new engine plant in central England, which fought off competition from India with backing from the UK government. The government, keen to support manufacturing in Britain, will provide up to £10 million for a plant expected to create 750 jobs and thousands of jobs across the wider UK economy. "JLR choosing Wolverhampton for its new engine plant in the face of tough international competition is a tremendous boost for manufacturing in the UK and the West Midlands in particular," said business secretary Vince Cable. Cable, a member of the Liberal Democrat junior coalition party, marked the announcement by visiting a JLR production plant in nearby Solihull. The Lib Dems are holding their annual conference in Birmingham, the largest city in the region. Mike Wright, executive director at Jaguar Land Rover, said they had considered building the facility in a number of locations within the UK and outside the UK. "One obvious location would have been India," Wright told journalists. "There are a whole host of factors that go into these decision ... but on the balance of all of those factors, we determined with the support of Tata Motors, in this instance, the UK was the best option," he said.Jaguar Land Rover already employs more than 19,000 people in Britain and supports up to 140,000 jobs. It has been boosted by strong demand from emerging markets such as Russia and China for its cars.
GMT 11:55 2018 Friday ,14 December
Study shows most drivers not keen on switching to electric carsGMT 14:42 2018 Friday ,07 December
Road accidents are leading cause of death for childrenGMT 08:17 2018 Wednesday ,21 November
Paris, Tokyo seek to reassure after shock of carmaker Ghosn arrestGMT 10:40 2018 Tuesday ,20 November
Uber resumes service in Abu Dhabi after 2 years of suspensionGMT 13:15 2018 Monday ,19 November
Nissan chairman arrested over alleged financial law violationGMT 12:48 2018 Tuesday ,06 November
CIIE to facilitate China-S.Korea exchange in car sectorGMT 07:12 2018 Wednesday ,24 October
German court mulls diesel car ban in city of MainzGMT 10:06 2018 Thursday ,11 October
Mazad to host third auction of unique vehicle number platesMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor