Jaguar Land Rover to announce significant UK investment

by SpeedLux
Beijing auto show Jaguar Land Rover

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.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.


©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More