Jaguars and Land Rovers have been saved with a £5billion investment from their Indian

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British car plants making Jaguars and Land Rovers have been saved with a £5billion investment from their Indian owner.

The massive injection of funds by Tata will save thousands of jobs and create many more, including 1,500 at the Halewood plant on Merseyside.

Two other manufacturing sites which had been under threat, at Castle Bromwich and Solihull in the West Midlands, will also be retained.


Saved: The Land Rover will continue to be built in Britain after the cash injection

Jaguar Land Rover said the number of models in its range will now be ‘significantly increased’.

The firm has already unveiled a ‘baby Range Rover’, the Evoque, which is being built at Halewood and will on sale next summer.

And bosses have agreed a ‘landmark’ two-year pay deal with trade unions worth 5 per cent from next month, with a further rise of 3 per cent from November next year.

Jaguar Land Rover chief executive Ralf Speth said: ‘This is a triumph for all concerned.

‘Our parent company Tata supported us through the recession and our employees also made sacrifices but now we are seeing a great turnaround in the business and everyone involved.’

The Unite union said it was ‘fantastic news’ for the company and its workers.

And Jack Dromey, Labour MP for Birmingham Erdington, which covers the Castle Bromwich plant, said it was ‘good news in bleak times’.