Life has certainly improved for Jaguar Land Rover in the past year or so. Production has rebounded since slumping during the global recession, with sales rising by 16% in September and by 40% since April.
With the improvement in business, the company has recently decided against the closure of one of its three plants in the UK, after reaching an agreement with trade unions. In 2009, Jaguar Land Rover had said it had plans to merge two of its plants to address the impact of the downturn.
The company has already begun hiring 1,500 new employees at its Halewood factory as it gears up for production of its new small SUV, the Range Rover Evoque, next year. With parent company Tata set to invest US$8 billion in Jaguar Land Rover’s factories over the next decade, there’s certainly more to smile about now than there was a couple of years ago.