West Midlands based car manufacturer, Jaguar Land Rover, said today it is going to build a new factory in Brazil.
Founded in 1922 as the Swallow Sidecar Company, Jaguar Land Rover Limited has become one of Britain's most enduring brands.
Jaguar Land Rover says it's creating 1,700 new jobs and investing another £1.5bn into its factory at Solihull.
The Prime Minister has tweeted saying the 1,700 new jobs and a £1.5bn investment by Jaguar Land Rover is a 'great vote of confidence.'
The creation of 1700 new jobs and a£1.5bn investment by Jaguar Land Rover is a great vote of confidence in the UK economy. #Globalrace.
Business Secretary Vince Cable has said Jaguar's 'ground-breaking' project takes the company to a 'new level'.
He said: "Jaguar Land Rover has been experiencing great success over the last couple of years but this ground-breaking project takes Jaguar on to the next level.
"This all-aluminium architecture project typifies the type of innovative and high value R&D that the UK excels in and government is supporting through the automotive industrial strategy."
Jaguar's £1.5 billion investment at its plant in Solihull will go towards developing technically-advanced aluminium parts for future models.
The first model to show the technology will be a mid-sized sports saloon car, due to be launched in 2015.
Jaguar Land Rover chief executive Dr Ralf Speth announced the investment at the Frankfurt Motor show:
At Jaguar Land Rover we place the customer at the heart of everything we do and the introduction of a world class all-new aluminium vehicle architecture means we will be more competitive, flexible and efficient delivering exciting new products for our customers around the world.
Jaguar Land Rover is a business driven by design, technology and innovation and this investment and level of job creation is yet further evidence of our commitment to advancing the capability of the UK automotive sector and its supply chain.
Adrian Hallmark, Jaguar's Design Director and Global Brand Director, says the new concept model is good news for the Castle Bromwich plant in the West Midlands, where all Jaguar models are currently made.
This was the moment this afternoon Jaguar Land River unveiled their latest model to the world.
The CX17 is said to be the first in a long line of new models which could be built in the West Midlands.
Jaguar Land Rover has just unveiled a new concept car which is expected to secure thousands of jobs in the West Midlands.
The CX17 will be the platform for a whole new fleet of Jaguars which the company will start selling in 2015.
Adrian Hallmark, Jaguar's Design Director and Global Brand Director, told the Frankfurt motor show that these will be smaller cheaper Jaguars.
DHL is 'pleased' with Unite's agreement to recommend a revised offer to their workforce. This comes after a dispute between DHL and other agencies providing services to Jaguar Land Rover in Coventry.
DHL workers picketed outside Jaguar plants at Castle Bromwich and Solihull on Wednesday.
– DHL spokesperson
Following constructive discussions with Unite representatives, we are pleased that they have agreed to recommend our revised offer to our workforce.
Our focus throughout this process has been to find a constructive solution to enable us to continue to support our customer as a significant and growing UK manufacturer.
Britain’s largest union, Unite, will recommend a settlement to its members to end the dispute with DHL and other agencies providing services to Jaguar Land Rover in Coventry.
There was a short strike on Wednesday when workers from DHL picketed outside the plants at Castle Bromwich and Solihull for half an hour.
– Danella Bagnall, JLR Project Planning and Integration Director
I started my career as an apprentice 25 years ago which was a great way of continuing education, developing skills, and getting into industry. I am now a senior engineering manager which demonstrates the excellent career progression opportunities available to women in a modern engineering-led business.