Amid dire predictions regarding the loss to the economy by people opposing it’s exit from the European Union, United Kingdom’s largest automobile maker Jaguar Land Rover has announced a brand new push to the country’s manufacturing industry.
Jaguar’s Chief Executive Officer Ralf Speth recently talked about creating 10,000 new jobs in the country through ramping up its activities in the electrical vehicle segment. In case you are unaware of it, Tata Motors owns Jaguar and Mr. Speth is himself a member of the Tata Sons board.
Jaguar Land Rover currently employs around 40,000 people in various capacities in the UK — out of a total of 45,000 the world over. If things go according to the plan, the latest push could add up to 10,000 employees to the company’s ranks — and further tens of thousands to those of its supplier’s. Unsurprisingly, the move has been welcomed in the UK.
Douglas Carswell MP, a leading Leave campaigner, said:
This is a Christmas present come early. Jaguar is the very best of British. Owned by India, it is a world class company and it’s wonderful to know that the owners of this company have such confidence in our economy after Brexit.
John Longworth, former head of the British Chambers of Commerce and Co-chairman of Leave Means Leave, said:
We are seeing confident investors in the UK boosting the economy and defying the Brexit remoaners and wreckers.
With this announcement, Jaguar joins the ranks of GlaxoSmithKline, Boeing, McDonalds, Google and Facebook — all of whom have announced new investments in the UK following the Brexit vote.
Meanwhile, the company’s plans to add new jobs are no co-incidence. Jaguar unveiled its first electric car, the I-Pace, very recently in LA. While the I-Pace will be manufactured in Austria, Jaguar is hoping to set up some of its future electric cars in the UK as well.
As per Speth,
We want to build our electric vehicles in the West Midlands, in the home of our design and engineering. If we double the cars we can double the workforce.
The Tata Motors owned car manufacturer also called upon the UK Government to fix shortages in energy and infrastructure investments. It asked the government to invest £450 million in Midlands infrastructure, stating that it wanted to use the UK as a base to counter the rapidly growing influence of the German automotive industry.