Jaguar into make multi-million pound electric car investment at UK plantReuters #Land_RoverJuly 6, 2019
LONDON (Reuters) – Jaguar Land Rover ( TAMO.NS ) is making a multi-million pound investment to build electric vehicles in Britain, in a major boost for the UK government and a sector hit by the slump in diesel sales and Brexit uncertainty.
Britain’s biggest car company, which built 30 percent of the UK’s 1.5 million cars last year, will make a range of electrified vehicles at its Castle Bromwich plant in central England, beginning with its luxury sedan, the XJ.
“The future of mobility is electric and, as a visionary British company, we are committed to making our next generation of zero-emission vehicles in the UK,” Chief Executive Ralf Speth said on Friday.
The announcement gives a boost to Britain’s automotive sector hit this year by Honda and Ford’s ( F.N ) plans to close factories.
The other, in Slovakia, only opened last year and is still being ramped up with other models allocated there.
Both candidates to replace Prime Minister Theresa May, Boris Johnson and Jeremy Hunt, have both said they are prepared to take Britain out of the EU on Oct. 31 without a deal, although it is not their preferred option.
The carmaker is undergoing a turnaround designed to offer an electrified option to all of its new models from 2020 as it seeks to move away from its reliance on diesel vehicles which are being increasingly shunned by buyers.
Jaguar also called on the government to bring giga-scale battery production to the country so that Britain is not left behind in the rush to produce low and zero-emissions vehicles and technology.
Britain’s business minister Greg Clark said the government was doing all it can to meet that goal.
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