Here’s the first of three business stories. This, the first, is by Jeremy Warner in the Daily Telegraph, is on How Britain won the global car war. This is a good news story that I’ve previously commented on HERE.
Here’s a snippet from the article
“Yet amid this tale of decline is one unexpected bright spot. Remarkably, the UK car industry seems to be enjoying something of a renaissance. So remarkable, in fact, that industry veterans – hardened by years of failure – keep pinching themselves to make sure it’s real. The full range of good-news stories over the past year is too long to list, so here is just a taste.
Last month alone, Jaguar Land Rover (JLR) announced a further 1,100 new jobs at Castle Bromwich, in the West Midlands, to support the launch of new Jaguar models, while BMW confirmed a further £250m of investment at its Oxford, Swindon and Hams Hall facilities to expand Mini production.
These announcements come hard on the heels of major new investments by JLR at Halewood, Nissan at Sunderland, Honda at Swindon and Vauxhall at Ellesmere Port. At the elite end of the industry, McLaren Automotive is also investing heavily in a new facility at Woking.
Over the past 18 months, virtually all those involved in the British automotive industry have announced expansion of some form, a collective total of around £4.5bn of new investment.
This is prompting a host of matching initiatives in the supply chain. The surge in activity is virtually unprecedented, with car production this year expected to top 1.5m vehicles, more than at any time since the late 1990s.”