Tuesday, September 09, 2008
Jaguar Land Rover back government plan
Jaguar Land Rover has backed a government initiative that aims to promote manufacturing in Britain, following a fact finding tour of its Castle Bromwich plant by Gordon Brown and Alastair Darling.The government plans include the development of trade opportunities with low cost supply chains and actions to support economic growth and reduce input and financing costs.
The strategy, called New Challenges, New Opportunities, brings nearly £150m of medium-term support to manufacturing and sets government objectives for manufacturing in the future - these include seizing the opportunities of the low carbon economy, realising overseas opportunities, supporting skills and improving perceptions of manufacturing.
David Smith, CEO of Jaguar Land Rover, said: "We believe the manufacturing sector is central to the future prosperity of the UK economy.
"Jaguar Land Rover is striving to sustain and grow its manufacturing and R&D operations in the UK, but clearly global competition continues to intensify and we have faced considerable pressures from rising energy and commodity prices, combined with reduced consumer demand.
"We therefore support actions that underpin UK manufacturing investment and productivity during this difficult period."
During their visit to the prime minister and chancellor met with 54 of Jaguar Land Rover's new apprentices, who started their careers with the company last week.
DATED: 09.09.08
FEED: MT
The strategy, called New Challenges, New Opportunities, brings nearly £150m of medium-term support to manufacturing and sets government objectives for manufacturing in the future - these include seizing the opportunities of the low carbon economy, realising overseas opportunities, supporting skills and improving perceptions of manufacturing.
David Smith, CEO of Jaguar Land Rover, said: "We believe the manufacturing sector is central to the future prosperity of the UK economy.
"Jaguar Land Rover is striving to sustain and grow its manufacturing and R&D operations in the UK, but clearly global competition continues to intensify and we have faced considerable pressures from rising energy and commodity prices, combined with reduced consumer demand.
"We therefore support actions that underpin UK manufacturing investment and productivity during this difficult period."
During their visit to the prime minister and chancellor met with 54 of Jaguar Land Rover's new apprentices, who started their careers with the company last week.
DATED: 09.09.08
FEED: MT
