New Jaguar plant sprouts in the Midlands

In what may prove a timely boost to the economy, Jaguar Land Rover has announced plans to build a £400 million engine plant in the Midlands that could give jobs to 2000 people.

Its decision has been warmly welcomed by the government, who view the car industry as crucial if the UK is going to increase its manufacturing base and exports.

The engine plant will be based at the i54 business park in Wolverhampton. The Coalition has also offered around £10m of support for the Jaguar Land Rover plant, although we don't yet know in what form this will take.

The fortunes of JLR have taken a turn for the better in recent times. Under the stewardship of chief exec Ralf Speth and Tata chairman Ratan Tata, JLR is investing £1.5bn a year in new products and aims to produce 500,000 vehicles a year at its three Midlands plants. The company has already hired 3,000 staff this year and currently employs around 21,000 people in the UK.

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