Chinese boom enables Jaguar Land Rover to add 800 UK jobs
Indian owners injecting £370m - but UK's Regional Growth Fund is paying for 200 of the new jobs
JAGUAR LAND ROVER is to create 800 jobs in Solihull on the back of a massive rise in annual worldwide sales, the Daily Telegraph reports.
The Indian-owned car maker sold 357,773 cars last year - a jump of 30 per cent - with sales in the burgeoning Chinese market rocketing 71 per cent to 71,940.
Jaguar is investing £370 million in Solihull but the Government's Regional Growth Fund is supporting 200 of the jobs being created. The investment will include new technology to make aluminium bodies for Land Rovers and investment in the paint shop.
In addition to the UK investment, the company is also bolstering its growing position in China itself. After signing a joint venture in November with local car-maker Cherry Automobile, a new plant will be built in Changsu near Shanghai with £1.1 billion invested by the pair.
Phil Popham, JLR's director of group sales operations, said: "All of our key markets saw strong progress, with demand for our premium vehicles setting new records in a very competitive environment."
Popham said the company would be introducing eight new or refreshed products this year.