Honda, Jaguar Land Rover and the London Taxi Company have each made announcements of funding to build new vehicle models, amounting to a total of £1.05 billion.
The latest announcements, which come on the back of a total of £7 billion committed in 2013 and 2014, are, according to the Society of Motor Manufacturers and Traders (SMMT), more evidence of the continuing renaissance in UK car production.
"In 2014, more than 1.5 million cars were produced in the UK – an increase of 50% since 2009, and the sector's best performance since 2007," it said.
In the last week, Jaguar Land Rover announced £600m new investment into its West Midlands operations, covering Castle Bromwich and Whitley sites, Coventry-based London Taxi Company revealed a £250m investment and 1,000 jobs as it prepares to make a new range of low emission taxis, and Honda unveiled a £200m investment with its Swindon plant to become the global production hub for the next-generation Honda Civic five-door.
Mike Hawes (pictured), SMMT chief executive, said: "It has been a fantastic week for UK automotive, with more than £1 billion earmarked by vehicle manufacturers for new model production that will drive further growth for the sector. Honda's decision to build its next generation Honda Civic, a global car in an important and growing segment, here in the UK caps off a record six days – the first time three manufacturers have announced nine-figure investments over such a short period of time."
