Jaguar Land Rover to announce significant UK investment

Jaguar Land Rover, owned by Tata Motors, is planning to announce hundreds of millions of pounds worth of investment in the UK, the BBC reported on Friday.

The reported investment would be a good news for the country’s auto industry, which is now recording decreasing sales, investment and production.

A JLR representative referred the report as speculation.

Last month, JLR’s owner Tata Motors reported the biggest-ever quarterly loss in Indian corporate history of about $4 billion on decreasing China sales.

JLR then announced it would cut some 4,500 jobs, mainly in Britain, as the automaker faces decreasing Chinese demand and a decrease in European diesel sales.

Last month, Honda also announced the closure of its British factory which builds more than ten percent of the country’s 1.5 million cars.