Car giant Jaguar Land Rover 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: “The announcement signals Jaguar Land Rover’s ambitions to push the boundaries and redefine premium car ownership.
“At Jaguar Land Rover we place the customer at the heart of everything we.’’