12:00 10 September 2013
Jaguar Land Rover will be investing £1.5billion in an effort to expand its product range. This investment is expected to create 1700 jobs at its Solihull plant.
JLR chief executive Ralf Speth, who made the announcement at the Frankfurt motor show, said: "Today's announcement signals Jaguar Land Rover's ambitions to push the boundaries and redefine premium car ownership.”
"Jaguar Land Rover is a business driven by design, technology and innovation and this investment and level of job creation is yet further evidence of our commitment to advancing the capability of the UK automotive sector and its supply chain."
The investment will be used to design systems that will allow the chassis of future models to be made out of aluminum. The first batch of the models, which are expected to be introduced in 2015, will be new mid-sized sports saloon cars.
Design teams will be tasked to create aluminium architecture where the body work, seats, and engine of the car will sit.
JLR, which created thousands of jobs, will add 1,700 new ones bringing the total to 11,000 over the last three years.
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