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Jaguar Land Rover to invest GBP500m in UK engine plant

ABR Staff Writer Published 05 March 2013

British luxury car manufacturer Jaguar Land Rover (JLR) is planning to invest about GBP500m to double the capacity of its Wolverhampton engine manufacturing plant in central England.

The investment forms part of rise in capital spending in the carmaker's production facilities globally.

Earlier, the carmaker planned to invest about GBP350m in the engine plant and create 700 jobs, while the new plans would generate about 1,500 jobs.

Birmingham Post cited an insider as saying that sales are going incredibly well.

"Market share is up and they believe they need to act quickly, even though the first phase is not constructed yet," insider said.

The facility, which is expected to commence production in 2014, would manufacture engines for Jaguar and Land Rover models.

JLR is also planning to increase its vehicle production capacity to more than double to 600,000 units per year by 2020.

Additionally, the company is also investigating the potential of manufacturing vehicles in India.