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.

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