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SOLIHULL MP WELCOMES LAND ROVER DEAL

8.26.00pm GMT Wed 26th Mar 2008

Lorely Burt

Solihull MP Lorely Burt has welcomed today's announcement that Ford's sale of Land Rover to Jaguar has finally been agreed for a price of £1bn.

"This is a win-win deal" said Mrs Burt, "Land Rover and Jaguar will get the investment they need, including guarantees for the future of the Solihull and Castle Bromwich plants and for the research facilities at Gaydon. Land Rover will be able to develop exciting new brands like the LRX, allowing Ford to concentrate on their core business while still supplying engines and technologies to Land Rover and Jaguar.

'It's good for the workforce too, with Tata planning to expand production and create new jobs by 2010.'

"Tata have got a great deal with the acquisition of two world renowned marques for the British, European and American markets .

"Land Rover has enjoyed record sales for the last three consecutive years. Together Land Rover and Jaguar have provided Tata with a solid, profitable investment for the future.

"Ford will also put £600m into the Jaguar/Land Rover pension pot to bolster pensions."

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Previous news story: BURT CALLS ON COUNTY MPS TO APOLOGISE FOR IRAQ VOTE (Tue 25th Mar 2008).
Next news story: KEETCH ON CHILD MOBILITY FACT-FINDING MISSION (Thu 27th Mar 2008).

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Mon 16th Jul 2007:

SOLIHULL MP GOES TO SIR DIGBY IN BATTLE FOR LAND ROVER'S FUTURE.

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Thu 28th Jun 2007:

THE FUTURE OF LAND ROVER SHOULD BE DEBATED IN PARLIAMENT - LORELY BURT.

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