Mike Steventon, KPMG’s Birmingham office senior partner commented: “The announcement of a £400m investment in an engine plant near Wolverhampton, which is projected to create over 750 new jobs, is a huge vote of confidence by Tata in the Jaguar and Land Rover brands. JLR has been highly successful in developing both brands both here in the UK and, as importantly, in growing overseas markets, as the majority of Jaguars and Land Rovers are now exported.
“These are highly desirable brands in developing economies such as China and Russia as well as the more established market places like the United States. They have got their product offering spot on and are now one of the UK’s most substantial investors in engineering led R&D and a substantial contributor to UK exports.
“The investment in the new engine plants sits alongside approximately £1.5billion per year to be invested in new vehicles and technologies to keep the brand at the forefront of cutting edge technologies and design.”
Ends
For further information please contact;
Arti Mohan, Corporate Communications
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Email: arti.mohan@kpmg.co.uk
KPMG Press Office: 020 7694 8773
About KPMG
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with nearly 11,000 partners and staff. The UK firm recorded a turnover of £1.6 billion in the year ended September 2010. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 150 countries and have more than 138,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG
