Jaguar to make multi-million pound electric car investment - News Summed Up

Jaguar to make multi-million pound electric car investment


The compan­y will make a range of electr­ified vehicl­es at its Castle Bromwi­ch plant in centra­l Englan­dLONDON: Britain’s biggest carmaker Jaguar Land Rover is making a multi-million pound investment to build electric vehicles in its home market, in a major boost to a sector hit by a slump in diesel sales and Brexit uncertainty. Jaguar Land Rover (JLR), which built 30 per cent of Britain’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 saloon, the XJ. But it has signed a deal with workers at the Castle Bromwich factory to go from a 5-day to a 4-day working week with the same amount of hours which should allow the plant to operate more efficiently. BMW and Daimler team up on automated drivingFriday’s investment announcement comes after a turbulent few months for the firm which announced around 4,500 job cuts earlier in January and posted a 3.66 billion pound ($4.5 billion) loss in 2018/19. JLR 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.


Source: The Express Tribune July 05, 2019 09:00 UTC



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