Jaguar Land Rover to spend additional £250 million a year with UK suppliersFri, 11 May 2012
JLR to spend and extra £1 billion with UK suppliers
The Range Rover Evoque phenomenon continues with Jaguar Land Rover announcing an extra £250 million additional annual spend with UK suppliers.
Just last week we had the news that Land Rover’s Freelander 2 had hit sales of 300,000 since its launch in 2007, but if the Range Rover Evoque continues selling the way it has that figure will be eclipsed in half the time by the Evoque.
And it’s sales of the Evoque – Land Rover has sold 60,000 Evoques in the first seven months on sale – that’s driving the need to spend more with suppliers and the announcement today that UK suppliers can look forward to an extra £250 million a year being spent to support the Evoque’s production at Halewood.
JLR will open a new logistics facility in Ellesmere Port this summer to support both Evoque and Freelander 2 production – managed by DHL – to enhance the existing facility at Halewood. JLR boss, Ralph Speth, said:
Today’s announcements demonstrate JLR’s strong products and clear ambition for continued growth. The demand we have seen across the globe for the Range Rover Evoque means we are able to significantly increase what we spend with our suppliers, which is great news for the UK economy, and the thousands of jobs JLR supports in its supply chain. Our commitment to the North West will also be enhanced with the new logistics facility and this will support the future success of both our Freelander 2 and Range Rover Evoque models.
The good news just keeps coming from Jaguar Land Rover. Long may it stay so.
By Cars UK