Jaguar Land Rover are said to be doubling the size of their workforce, in the company’s Wolverhampton engine plant, which will create 700 new jobs at the facility. Dr Ralf Speth, who is the CEO of Jaguar Land Rover also announced the day before the Geneva Motor show this year that the investments for this facility will also be topping the £500 million mark.
Jaguar Land Rover are doubling British job numbers
He went on to say that Jaguar Land Rover are doubling their numbers of British jobs to around 1,4000, which will help to build the all new family of petrol and diesel engines. This announcement came as the construction of the facility is still in progress and is due to start producing engines at some point later next year.
Phil Popham, who is the Global operations director for Jaguar Land Rover explained that the plant is going to be building small engine ranges for products for the future and by small, they are currently defining them as having four cylinders. Therefore this indicates that the Jaguar Land Rover plant in Wolverhampton could essentiall;y become a leader in further downsized Jaguar Land Rover engines.
Jaguar Land Rover say that 2012 was their best fiscal year
This announcement, of even more British jobs being created, came after Jaguar Land Rover exclaimed that last year 2012, was the company’s best fiscal year ever. The sales targets for the company were broken with a month till to go and ended up topping the 350,000 mark. The key driver for this outcome is the Range Rover Evoque, as over 108,000 were sold in 2012. In January of this year alone, there were over 10,000 Evoque’s sold and every other Jaguar Land Rover sale throughout Europe was an Evoque. Ever hour, the company sold 12 Evoque’s worldwide.
Dr Speth explained that business for Jaguar Land Rover is booming. In the last quarter, profits were a fantastic £404 million. He also revealed that there will be eight new/revised products this year. Three of them are set to be surprises after the Jaguar F type, Range Rover Evoque and the Jaguar XFR that we are already familiar with.