British premium carmaker Jaguar Land Rover plans to expand its plant at Castle Bromwich to build new Jaguar models and spark an overhaul of the brand.
It comes after JLR announced it was to build a £355m engine plant at the i54 business park in Wolverhampton, which will bring 750 jobs to the area.
The investment at the factory, which will build Jaguar’s new F-type sports car, is expected to create up to 1,000 jobs and increase its capacity by 50 per cent, according to the Daily Telegraph.
The newspaper said, without citing sources, that the car maker is looking to start work on expanding the plant swiftly.
In the first quarter of this year JLR sales in Europe were up 24.9 per cent to 20,734. Land Rover sales rose 30 per cent to 16,570 and Jaguar only seven per cent to 4,164.
Jaguar is planning to launch 40 new models or variants of new models in the next five years and has already hired thousands of staff across the UK since 2009.
The F-type will join Jaguar’s existing range of cars – the XF saloon and Sportbrake, XJ saloon and XK coupe/convertible.
Full F-type technical and range details will be announced later in 2012. It will go on sale in mid-2013 in Europe