Bosch Group Monday rejected a Sunday Telegraph report that it is in talks with the U.K. government about opening a new U.K. automotive plant.
Bosch closed its last remaining British factory in June 2011. At that time, pharmacy Stefan Asenkerschbaumer, president of the Bosch starter motors division, said he “deeply regretted” that a “solution” could not be found for the plant, where he had previously been manager.
The company said it was facing the worst economic downturn for decades, saying that this had “left its mark on the Bosch Group”.
It said that compared to 2008, sales of its alternator products made at the site near Miskin were down 45% in 2009.
“Now companies are seriously considering coming to the UK,” one senior industry source said.
“For the first time Britain has confidence in the automotive sector, and what is more important is the world has confidence in the British automotive sector.”
However, a Bosch spokeswoman said the company is “not in any talks with the government or leading car makers about the opening of any new UK automotive plant.”
According to the report, the Jaguar Land Rover unit of India’s Tata Motors Ltd. (TTMT) is among the automakers involved in the discussions.
Last week, British manufacturing received a boost when General Motors decided to keep its Ellesmere Port factory in Cheshire.