Jaguar Land Rover offered £500m in subsidies to build battery plant in UK

Posted on May 19, 2023 by Admin

Incentive from Jeremy Hunt comes only days after three carmakers issued Brexit rules warning

The government has offered the owner of Jaguar Land Rover £500m in subsidies in an effort to persuade the carmaker to build a new electric battery plant in the UK.

The chancellor, Jeremy Hunt, has put forward a package of incentives to entice JLR, days after three global carmakers warned that Brexit rules on where parts were sourced threatened the future of the British automotive industry.

UK battles to keep Jaguar Land Rover’s planned EV production

Posted on May 27, 2022 by Admin

Britain lagging behind in race to build vital large-scale and local battery factories

Britain is locked in a battle to hold on to production of Jaguar Land Rover’s future range of electric vehicles as concerns grow that the UK is falling behind in the race to build vital large-scale battery factories.

The company, which is owned by the Indian conglomerate Tata, said it continued to “explore all options” for battery supply amid reports it could build electric cars in eastern Europe.

Car plant shutdowns may cost auto industry more than $100bn

Posted on April 6, 2020 by Admin

Figure based on Covid-19 closures in Europe and North America lasting to end of April

The continued closure of car plants across Europe and North America will cost the auto industry more than $100bn (£82bn) in lost revenues if the shutdown lasts until the end of April.

All major European carmakers have suspended production because of disruption caused by the spread of the coronavirus and if this continues as expected until the end of April, this will account for $66bn (£54bn) in lost sales in Europe, or 2.6m cars. In North America this will account for 2m cars, and lost sales of about $52bn (£42bn).

Every major UK and European carmaker to stop or cut production

Posted on March 20, 2020 by Admin

As disruption from Covid-19 spreads, only some low-volume producers will remain open

Every major carmaker in the UK and Europe is suspending or cutting production as the disruption from the coronavirus outbreak spreads – with only lower-volume manufacturers such as Aston Martin keeping factories open.

Jaguar Land Rover (JLR) and Bentley Motors have become the latest British carmakers to suspend production at their UK factories.