Arab Today, arab today british car industry roars by european rivals
Last Updated : GMT 05:43:04
Arab Today, arab today
Arab Today, arab today

British car industry roars by European rivals

Arab Today, arab today

Arab Today, arab today British car industry roars by European rivals

London - AFP

Britain is accelerating away from its European competitors in the car-making sector with investment flowing into the factories of Nissan and Jaguar Land Rover as Chinese and American demand drives sales. Jaguar Land Rover said Tuesday it was pumping £1.5 billion (1.8 billion euros, $2.4 billion) into its plant in Solihull near Birmingham, creating 1,700 jobs and giving a welcome fillip to industrial central England. The Solihull plant will make new lightweight Jaguar and Land Rover models made of aluminium. In northeast England, Nissan has been granted permission to extend its already vast plant in Sunderland, securing jobs in an area where major employers are in short supply. The investment decision was announced at the Frankfurt Motor Show by JLR chief executive Ralf Speth, who said it was \"further evidence of our commitment to advancing the capability of the UK automotive sector and its supply chain\". JLR now employs 11,000 people in Britain, with another 24,000 employed in its supply chain. Joe Rundle, an analyst at ETX Capital, credited the British government with reviving an industry that once looked close to extinction. \"The UK automaking industry was considered a dying sector as car factories produced high volume motors by low-skilled manufacturing,\" he said. \"However, the UK government\'s initiatives to kick-start manufacturing activity is turning the country\'s auto making industry into one of premium niche manufacturing.\" The government announced in March that it was pumping £500 million into the auto sector. Demand from China and the recovering US economy are credited with driving sales. Toyota, Nissan and BMW are among other carmakers injecting more and more money into top-of-the-range models made in Britain. Nissan was granted planning permission this month for a 25,000 m2 extension of its factory in Sunderland. The £250 million addition to the factory extension will produce models for its luxury Infiniti division. In March, Nissan launched production of its fully-electric Leaf with £420 million of investment, creating an additional 500 jobs in the process, proving that the Sunderland factory is bouncing back with a vengeance -- in 2009 Nissan cut a quarter of the 5,000 workers there. The rude health of the top-of-the-range sector is also underlined by the success of Rolls-Royce which last year set record-breaking sales figures for the third year running with 3,575 cars made by hand. Rolls-Royce too is expanding its factory, in Sussex in southeast England. It\'s not all good news. Late last year, Ford closed down production of its Transit van at Southampton on the south coast with the loss of 1,500 jobs. And Japanese firm Honda shaved 800 jobs from the 3,500 workforce at its Swindon factory in southwest England, as Europe\'s economic doldrums took their toll. But while carmakers elsewhere in Europe are only just climbing out of the slump, Britain saw sales up 11 percent in August compared to a year earlier.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today british car industry roars by european rivals Arab Today, arab today british car industry roars by european rivals

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today british car industry roars by european rivals Arab Today, arab today british car industry roars by european rivals

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday