Jaguar investment brings 1,700 jobs
Car giant Jaguar Land Rover has delivered a fresh boost to the economy by announcing another huge investment in the UK, creating 1,700 jobs.
The news was welcomed by unions and the Government, which is now seeing a run of positive developments in the drive out of recession.
JLR's plant in Solihull will benefit from the Indian-owned firm's £1.5 billion investment, bringing direct new jobs to the West Midlands as well as in service firms in other parts of the country.
The money will go towards the introduction of new technically-advanced aluminium vehicle architecture in future models. The first new model to showcase this will be a mid-sized sports saloon car from Jaguar, to be launched in 2015.
JLR chief executive Dr Ralf Speth, speaking at the Frankfurt Motor Show, said: "At Jaguar Land Rover we place the customer at the heart of everything we do and the introduction of a world-class, all-new aluminium vehicle architecture means we will be more competitive, flexible and efficient delivering exciting new products for our customers around the world.
"Jaguar Land Rover is a business driven by design, technology and innovation and this investment and level of job creation is yet further evidence of our commitment to advancing the capability of the UK automotive sector and its supply chain."
The news is also a boost to the UK motor industry, which has been enjoying increasing sales of cars this year. The 1,700 new jobs at the Solihull site in the West Midlands will bring the total number of UK manufacturing roles announced by the firm over the last three years to almost 11,000.
Business Secretary Vince Cable said: "This ground-breaking project takes Jaguar on to the next level. This all-aluminium architecture project typifies the type of innovative and high- value R&D that the UK excels in and Government is supporting through the automotive industrial strategy."
Len McCluskey, leader of the Unite union, said: "JLR is a great British success story, and this new investment in jobs and skills ought to maintain its global reputation for world-class vehicles. The UK workforce, with their skills and dedication, are at the heart of this success. This investment is their due reward and we are delighted."
JLR has three advanced manufacturing facilities in the UK - in Solihull and Castle Bromwich in the West Midlands, and Halewood on Merseyside.