Live updates

Jaguar Land Rover to create more jobs but only if they can expand

Jaguar Land Rover has announced that they will be creating more jobs in the region but only if they expand their site.

The boss of the company says this can only happen if the government helps by freeing up land and improving electricity supplies.

ITV News understands that if this is too difficult to achieve in the UK, the company may look elsewhere.

As our Business Correspondent Mark Gough reports:

Advertisement

Two millionth Land Rover Defender auctioned for £400k

The vehicle was sold for £400,000 Credit: Land Rover

The two millionth Land Rover Defender to come off the production line at the luxury car maker's Solihull plant has sold for £400,000 at auction.

The famous 4x4 was first build in Solihull in 1948, and has retained elements of its original design ever since.

The car was sold at an auction house in London last night, with proceeds going to the International Federation of Red Cross and Red Crescent Societies & the Born Free Foundation.

Advertisement

Jaguar Land Rover announce record profits of £2.6bn

Jaguar Land Rover has announced record profits of more than £2.6billion.

Jaguar Land Rover cars lined up for export Credit: Chris Ison/PA Wire/Press Association Images

The pre-tax earnings for the year to 31 March are a rise of £113million on the previous year.

The company says it means they can invest in a long term future. They unveiled three new cars in the last year and opened their manufacturing centre in Wolverhampton.

Jaguar Land Rover has delivered five years of solid financial results, enabling us to invest in our long-term future. This has positioned the company strategically and financially for continued sustainable growth.

The past year has been one of significant achievement, with the expansion of our vehicle ranges and our manufacturing footprint.

We are committed to delivering further growth this year, maintaining our relentless pace of launching new models and introducing innovative technologies for our discerning customers around the world.”

– Ralf Speth, Jaguar Land Rover chief executive
Load more updates