UK Today News: Car manufacturing giant Jaguar Land Rover has revealed its plans to build a new engine plant in the UK. The company has said that the plant would create employment for more than 1,000 people, and this comes as a huge relief at a time when many people are being laid off in the UK.
Reports have said that car makers are considering three sites for the plant, one in South Wales, one in Wolverhampton and the third one in India. Talks are also made with Indian car manufacturer Tata Motors, who also own Jaguar.
In an earlier announcement made by Jaguar, the company stated that it would be investing billions in the United States, which would create thousands of jobs within the UK factories. Currently, Jaguar Land Rover has employed more than 17,000 staff in the UK.
With the economic crisis in UK, the government is keeping their eyes on private companies who would be investing in the nation, so that the economy would get a boost. The British car industry too is looking forward towards the a huge development after a decline was noticed in the 70s and 80s. Currently, UK manufactures 2 million engines in a year and produces more than 1.4 million vehicles in a year. The sales of the JLR have increased in 2011. Meanwhile, Tata motors and JLR opted to be unavailable for comment.