© Copyright Acquisition International 2025 - All Rights Reserved.

Article Image - Boom Time for British Car Industry
Posted 31st March 2015

Boom Time for British Car Industry

£1 Billion in New Investments Committed in Just One Week

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Boom Time for British Car Industry
Image

Boom Time for British Car Industry

Britain’s booming car manufacturing industry has received yet another huge boost with three major manufacturers announcing UK investments worth more than £1 billion in the past six days.

Britain’s booming car manufacturing industry has received yet another huge boost with three major manufacturers announcing UK investments worth more than £1 billion in the past six days.

Honda, Jaguar Land Rover and the London Taxi Company have each made announcements of funding to build new vehicle models, amounting to a total of £1.05 billion.

The latest announcements, which come on the back of a total of £7 billion committed in 2013 and 2014, are yet more evidence of the continuing renaissance in UK car production. In 2014, more than 1.5 million cars were produced in the UK – an increase of 50% since 2009, and the sector’s best performance since 2007.

The latest announcements include:

26 March: Jaguar Land Rover announces £600million new investment into its West Midlands operations, covering Castle Bromwich and Whitley sites.

26 March: Coventry-based London Taxi Company reveals a £250 million investment – as well as the creation of 1,000 jobs – as it prepares for production of a new range of ultra low emission taxis.

31 March: Honda unveils a £200 million spending plan with its Swindon plant to become the global production hub for the next-generation Honda Civic five-door.

Mike Hawes, SMMT Chief Executive, said, “It has been a fantastic week for UK automotive, with more than £1 billion earmarked by vehicle manufacturers for new model production that will drive further growth for the sector. Honda’s decision to build its next generation Honda Civic, a global car in an important and growing segment, here in the UK caps off a record six days – the first time three manufacturers have announced nine-figure investments over such a short period of time.”

Categories: Finance


You Might Also Like
Read Full PostRead - Eye Icon
IVA Global School: Taking Virtual Learning to the Next Level
Innovation
15/04/2025IVA Global School: Taking Virtual Learning to the Next Level

The meeting point between timeless education principles and next-generation learning, IVA Global School in South Africa is the first virtual 3D school in the world.

Read Full PostRead - Eye Icon
Protecting Yourself Against a Recession
Strategy
28/05/2020Protecting Yourself Against a Recession

The coronavirus outbreak has spread to businesses, leaving many around the world counting costs. Notoriously, known as the Great Lockdown, it’s been affecting the world economy since early this year. The predicted recession is considered to be the steepest e

Read Full PostRead - Eye Icon
The 2017 Global Mobility Immigration & International HR Awards Press Release
Strategy
21/06/2017The 2017 Global Mobility Immigration & International HR Awards Press Release

The 2017 Global Mobility Immigration & International HR Awards Press Release

Read Full PostRead - Eye Icon
Equistone Partners Europe Closes Fund V at €2bn Hard Cap
Finance
22/04/2015Equistone Partners Europe Closes Fund V at €2bn Hard Cap

Equistone Partners Europe Limited (“Equistone”), one of Europe’s leading mid-market private equity investors, today announces the successful final closing of Equistone Partners Europe Fund V (“EPEF V”) with total capital commitments of €2bn.

Read Full PostRead - Eye Icon
Allen & Overy Advise on AMP Capital & 3i Infrastructure’s Acquisition of Esvagt
Finance
27/08/2015Allen & Overy Advise on AMP Capital & 3i Infrastructure’s Acquisition of Esvagt

Allen & Overy Advise on AMP Capital & 3i Infrastructure's Acquisition of Esvagt

Read Full PostRead - Eye Icon
Green Data Centers: How Sustainable Practices Are Shaping the Industry
News
07/11/2024Green Data Centers: How Sustainable Practices Are Shaping the Industry

Green Data Centers: How Sustainable Practices Are Shaping the Industry In the recent past, there has been increased use of data centers as more firms embarked on cloud services, artificial intelligence, and data storage. Although tremendous improvements exist

Read Full PostRead - Eye Icon
Global Contactless Smart Card Market to see 30% CAGR to 2019
Finance
02/03/2015Global Contactless Smart Card Market to see 30% CAGR to 2019

The growing need to diminish identity duplication and forgery cases has resulted in remarkable growth in the Global Contactless Smart Card Market.

Read Full PostRead - Eye Icon
Structuring your Business for Exit
Legal
28/10/2015Structuring your Business for Exit

Founded in 1980, BAE, KIM & LEE LLC is one of the oldest law firms in Korea.

Read Full PostRead - Eye Icon
Forget GameStop, gamification is the real investing revolution
Strategy
05/03/2021Forget GameStop, gamification is the real investing revolution

The impact on the financial world was sensationally underlined in the US, when a swathe of retail investors sought to bring down eminent hedge funds by bidding up the beleaguered GameStop stock. Behind the David and Goliath headlines, are some trends that the



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have a number of unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow