Jaguar Land Rover to invest £10bn over seven years; plans to double output
Thu 08 November 2012
View all news
Jaguar Land Rover is reported to have plans to invest £10bn over the next seven years, driving production at its plants to double its current output. There are plans to manufacture up to 16 new car models at the company’s North West and Midlands plants. If confirmed, this could be the biggest investment the UK car industry has seen.
The company also announced plans to expand in China and India with £1.8bn reported to be earmarked for developing a manufacturing site in China.
Jaguar Land Rover also announced that it had doubled profits during the second quarter of 2012, with profits before tax reaching £431m.
Reports suggest that JLR's investment is almost certainly the biggest investment that the UK car industry has ever seen. The plans have not yet, however, been officially confirmed by the company.
Related Links
< Back to news list