Autocar Professional is reporting that Britain’s car manufacturing industry has received yet another financial boost with three major manufacturers announcing UK investments worth more than £1 billion in the past six days.
The latest announcements come on the back of a total of £7 billion committed in 2013 and 2014. The UK is seeing a renaissance in car production. In 2014, more than 1.5 million cars were produced – an increase of 50% since 2009, and the sector’s best performance since 2007.
The latest announcements include:
- Jaguar Land Rover announces £600million new investment into its West Midlands operations, covering Castle Bromwich and Whitley sites.Coventry-based London Taxi Company reveals a £250 million investment – as well as the creation of 1,000 jobs – as it prepares for
- Coventry-based London Taxi Company reveals a £250 million investment – as well as the creation of 1,000 jobs – as it prepares for production of a new range of ultra low emission taxis.
- Honda unveils a £200 million spending plan with its Swindon plant to become the global production hub for the next-generation Honda Civic five-door.
See more and get the full story at: http://www.autocarpro.in/news-international/british-car-industry-gbp-billion-investments-8082