JLR investment boosts Midlands as electric hub

ca.finance.yahoo.com

A business leader says Jaguar Land Rover's (JLR) new investment in a fully electric model is a "real vote of confidence" for the Midlands, potentially attracting further investment to the region. The move includes new battery and electric drive unit production lines, with training for about 9,000 employees in Solihull and 1,500 in Wolverhampton. Raj Kandola of the Black Country Chamber of Commerce said it signals the region is ideal for major investment. The announcement comes despite JLR facing falling profits and restructuring after a cyber attack a year ago that cost an estimated £1.9bn. Manufacturing accounts for 7% of jobs in Wolverhampton, and the investment is hoped to boost local employment and productivity.


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JLR investment boosts Midlands as electric hub | News Minimalist