According to The Telegraph, Jaguar Land Rover is to create another 1,700 jobs at its Solihull factory in Birmingham to support a new range of sports and cross-over cars featuring the latest in lightweight aluminium technology.
Prime Minister David Cameron hailed the move as “fantastic news for Solihull and a huge vote of confidence in the UK. This investment will also deliver another 24,000 jobs in the supply chain – on top of the 1.3m the private sector has already created since 2010.”
A Jaguar sports sedan, launched in 2015, will be the first to feature the new technology, as well as the first to use engines from the company’s new £500m engine plant in Wolverhampton.
That car will pave the way for Jaguar’s first ever sports cross-over vehicle – disclosed on Monday as the C-X17 concept – also featuring the “more flexible” aluminium frame.
Ralf Speth, chief executive, said the move signalled the company’s “ambitions to push the boundaries and redefine premium car ownership”. It would allow Jaguar Land Rover to “not only enter, but aggressively compete in exciting new segments” of the market, the car maker said.
The new jobs at Solihull bring the total created by Jaguar Land Rover to almost 11,000 over the past three years . Profits rose 11pc to £1.68bn in the year to March 2013 on sales up 17pc to £15.8bn.