Thursday, May 03, 2012
By Pawan Rana
Tata Motors to invest 200 million pounds for the new JLR F-type
Jaguar Land Rover (JLR) has been touching heights since its ownership has been passed in the hands of Indian based, Tata Motors Group. These two leading UK based automotive brands have their current worth of more than 14 billion Pounds, which was earlier 2.4 billion Pounds when Tata Motors bought it from Ford. To keep up the momentum Tata Group has invested on various facilities that had enabled JLR to get its charm back.
In the beginning of 2012, around 1,000 employees were recruited in JLR work force and the third shift was commenced at company’s Halewood facility in Merseyside, in order to meet with the global demands of Free Lander 2 and Range Rover Evoque. Besides this, the company also announced bulky investment of 355 million Pounds at the Wolverhampton for new engine facility that is supposed to create around 750 new employment opportunities. This time again, the auto-maker, JLR is looking forward to invest the bulky sum of 200 million Pounds at its Bromwich facility in order to mount up its capacity by 50% that would also avail around 1000 new job opportunities.
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The major reason for this new investment is to build the new Jaguar F-Type sports car that will be the next generation machine of the iconic E-type. The F-type is said to join the fleet of Jaguar’s existing machine i.e. – the XF saloon/Sportbrake, the XJ saloon and the XK convertible/coupe. The company will reveal the additional technical details of the F-type sports car by the end of 2012. It is expected that the F-type range would be out for sale in the European auto-markets by 2012 and on the Indian shores it is speculated to land by end of 2013 or by the first quarter of 2014.