JLR’s £2bn boost for UK automotive

Posted on 2 Mar 2011 by The Manufacturer

Jaguar Land Rover announced today that it has handed out £2bn worth of contracts to more than 40 British companies to supply for the latest model in its Range Rover series, the Evoque.

Additionally, the company has employed an extra 1,500 people at is Halewood, Merseyside plant to handle production of the new car.

The contracts constitutes half of all global contracts the company has issued for the range.

And, with a host of other new models planned over the next five years, Jaguar Land Rover chief Ralf Speth says today’s announcement will be the first of many boosts for the UK automotive supply chain

“This will mean a high level of investment by us in the future and represents a tremendous opportunity for UK suppliers to work in partnership with Jaguar Land Rover to really strengthen the supplier base in this country,” he said.

The Evoque will be the smallest and most fuel efficient Range Rover to date and is due for release later this year.

Jaguar Land Rover is owned by Indian industrial conglomerate Tata, having been bought from Ford for $2.3 billion in 2008.