Jaguar Land Rover has announced it is to create 700 additional jobs at its new engine plant, i54, on the borders of Wolverhampton and Staffordshire. The new jobs will bring the total number of positions to be created at the factory to over 1,400.
The extra jobs have been announced before the plant has even been finished, driven by excellent sales figures from around the globe. Sales in China alone have risen by 80%, making it one of Jaguar Land Rover’s most important markets.
The new jobs being created at the i54 plant are impressive enough by themselves, but are even more astonishing since just three years ago JLR’s three factories were operating at well under capacity – and their futures were by no means safe. The turnaround experienced by the JLR group has taken even the most optimistic of automotive commentators by surprise. They quite simply cannot make their vehicles fast enough.
Total investment at the i54 site will now exceed £500m.
Many of our car breakdown cover customers will have observed with surprise how new products such as the Range Rover Evoque and the forthcoming F-Type have transformed the fortunes of this once-struggling company.
The group’s Indian owners, Tata, will no doubt be thanking their lucky stars that they bought Jaguar and Land Rover in 2008. Pre-tax net income has risen from a loss of £375.5m in 2008-9, to a staggering £1,507m profit by 2011-12.
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