JaguarLandRover (JLR)
is reinforcing its commitment to UK manufacturing by increasing the investment
in its new engine manufacturing centre at site i54 in Wolverhampton to more
than £500 million.
The company will invest £2.75 billion
in product creation during the year to support its ambitious growth plans that
will see the business introduce eight new or refreshed products during the
year.
The new engine manufacturing centre
is essential to support the company's long-term strategic growth plans. As
reported here it will be the home for Hotfire, a new generation of technologically
advanced, lightweight four-cylinder low emission diesel and petrol engines. (See also one of our exclusive popular posts ‘Cut-and-pasteHotfire engine plant for JLR’.)
The company's chief executive officer,
Dr Speth said: ‘Jaguar Land Rover's new engine manufacturing centre in the UK
is a clear demonstration of our business strategy guiding our investment plans.
Not only does it bring our engine supply back to our production doorstep, but
it gives us significant new resource as we continue to innovate with new
products and markets.
The new Hotfire family of engines is
under development at JLR's advanced research and development facility. It will
strengthen and expand the company's engine range supporting future product
development plans.
JLR claims it will deliver high
performance engines with class-leading levels of refinement and significant
reductions in vehicle emissions, allowing it to compete even more effectively
and attract new customers globally.
The state-of-the-art facility is the
first in the company's history to be entirely designed and specified by JLR. At
almost 100,000 square metres, the plant will include an engine testing centre alongside
the manufacturing and assembly halls.
The building will meet the highest standards
of sustainable production and will feature a variety of energy efficiency
technologies. The new engine manufacturing centre will open later this year
with the first engines coming off the production line in 2015.
Eight products planned
for 2013
Jaguar Land Rover will invest £2.75 billion in product development which
will support the launch of eight new innovative products to help achieve its
business growth strategy.
These include the Jaguar F-Type and
the introduction of the world's first nine-speed gearbox in its Land Rover
product line-up.
JLR claims it is the UK's largest
investor in automotive research and development. Exporting 80% of its
vehicles, Jaguar Land Rover's success has been worth about £25 billion in
export revenues for the UK economy in the last two years. ∎