Jaguar Land Rover today (19 September) confirmed that it will invest £355 million in a new facility to manufacture advanced technology, low-emission engines in the UK.
The facility will be built at a business park near Wolverhampton and will create 750 jobs.
JLR chief exec Dr Ralf Speth said the company would design, engineer and manufacture a new family of advanced engines for future Jaguar and Land Rover models at the facility.
He continued: "As we invest £1.5 billion a year for the next five years on new product developments, expanding our engine range will help us realise the full global potential of the Jaguar and Land Rover brands. The all-new family of four cylinder engines will increase JLR's capability to offer high performance engines with class-leading levels of refinement, while ensuring continued significant reductions in vehicle emissions."
The engine manufacturing facility is expected to create up to 750 high-skill engineering and manufacturing posts at JLR, along with thousands more highly skilled manufacturing jobs in the supply chain and the wider UK economy.
At present, JLR employs mroe than 19,000 directly in the UK and supports up to 140,000 jobs in total through the supply chain, dealer network and wider economy. It is expected that up to 150 local companies could be involved, ranging from experts in gears and engine controls to specialists in castings, valve systems and fluid transmission.
The announcement of the investment by JLR, a subsidiary of India's Tata Motors, was marked by a visit to the company's Solihull vehicle production plant by Lib Dem leader and deputy PM Nick Clegg and business minister Vince Cable who welcomed the "fantastic" news.