Jaguar to expand Halewood plant

 

Automotive and Manufacturing recruitment agencies would have received a welcome boost by the news that JLR are looking to expand their Halewood plant.

Sources at JLR are saying that they are looking to invest £100m in there expansion plans creating 1,500 jobs. The news is also on the back of further good news, which is that JLR are building a £355m engine plant in Wolverhampton and redeveloping its Solihull factory. The reason for much of its growth is due to JLR sales are up 30% year on year and so expected to reach record profits.

JLR has also shown plans to massively invest into future projects, investing £1 billion a year into R&D and planning to launch 40 new cars over the next 5 years with also the intention of partnering a Chinese car maker so they can start manufacturing in China.

Much of the basis of this optimism is that many car manufacturers are showing 10% growth in profits, considering the economic climate this may initially seem strange but a closer inspection will reveal this is mainly due to the demand from the emerging markets.

Filed under: Uncategorized — Goto @ 09:58

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