Thursday, September 29, 2011

Jaguar Land Rover to open engine plant in England, report says

LONDON (Reuters) -- Jaguar Land Rover is set to open a new engine plant in England, a newspaper report said.

The factory would be built in Wolverhampton, central England, and create some 2,000 jobs, according to the Sunday Telegraph.

JLR's engines are currently supplied by Ford Motor Co., which sold the brands to India's Tata Motors in 2008. JLR has three assembly plants in central England.

The company could make an announcement as early as Monday in conjunction with British business secretary Vince Cable, the paper said on Sunday, citing a source with knowledge of the company's plans.

The plant would cost 400 million pounds ($632 million) to open and Britain's coalition government has offered around 10 million pounds of support, the paper said.