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JLR to invest GBP355m to build new engine plant in UK

ABR Staff Writer Published 19 September 2011

Luxury car maker Jaguar Land Rover (JLR), a part of Indian group Tata Motors, will invest GBP355m ($561m) to build a new engine plant in the Midlands, UK.

The new facility based at the i54 business park near Wolverhampton in the Midlands, will manufacture low-emission four-cylinder petrol and diesel engines.

The company said that the work on the engine plant is scheduled to start early next year and will create up to 750 jobs.

According to the report, the UK government said it was supporting JLR's project through the Grant for business investment scheme which is providing up to GBP10m.

JLR chief executive officer Ralf Speth said as the company invest GBP1.5bn a year for the next five years in new product developments, expanding its engine range will help it realise the full global potential of both our Jaguar and Land Rover brands.

The company has already hired 3,000 staff this year, including a record 350 graduates, and now employs almost 21,000 people in the UK.