Jaguar F-Type resulted to £2.8 billion in sourcing contracts

Article by Anita Panait, on May 13, 2013

The Jaguar F-TYPE customer car – which started rolling out from Jaguar Land Rover’s Castle Bromwich plant on May 9, 2013 -- has brought a total of £2.8 billion in contracts with over 270 companies around the world, of which over £1.5 billion were placed with 116 companies in the United Kingdom. The contracts were awarded after a global competitive tendering exercise on parts sourcing for the Jaguar F-TYPE customer car.

The production of the vehicle allowed Jaguar Land Rover to create nearly 9,000 new jobs in the UK over the last two years, including 2,000 new engineers, of which 350 were tasked to directly support the new F-TYPE. The contracts awarded to support the Jaguar F-TYPE may result to thousands of additional skilled jobs across the automotive supply chain in the UK.

Ian Harnett, Jaguar Land Rover’s Purchasing Director, remarked that as one of the leading investors in automotive research and development in the UK, Jaguar Land Rover generates several billion pounds of economic activity every year in the country.

He said that the recent announcement demonstrates that the carmaker is working with world-class suppliers to strengthen the UK automotive supply base and support its plans for growth in the future.

Exports to over 170 countries account for nearly $11 billion of Jaguar Land Rover’s annual revenues, making the carmaker one of the largest exporters in the UK by value. The carmaker expects to export over 75% of Jaguar F-TYPE vehicles built, with around half of them marketed to the United States. Other major markets for the Jaguar F-TYPE include the UK and Germany.

If you liked the article, share on:

Comments

Recommended

Opel revealed it has sweetened the pot for 2017 Insignia Grand Sport customers with the Opel Exclusive program. Through this program, the brand hopes to introduce a wide selection of...
by - February 22, 2017
Fireball Performance Cars has been known to make the fastest sixth generation LT1 Camaros in the world. Once again it has managed to walk the talk as it hit a...
by - February 22, 2017
The North American unit of German premium carmaker BMW is recalling around 19,000 units of its BMW i3 electric vehicle because of the risk of fuel leak. You may ask,...
by - February 22, 2017
A publication by the U.S. Patent and Trademark Office revealed that Honda is still looking into the Project 2&4 Concept. Officially unveiled during the 2015 Frankfurt Motor Show, the Project...
by - February 22, 2017
Barely a month before its official debut, Hyundai gave everyone a taste of what’s to come with the 2017 Hyundai i30 Wagon. Despite what little was shown, it did not...
by - February 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries