Eygc House prices climb over winter
Friday 25 November 2016 12:30 pmJaguar Land Rover will create 10,000 jobs by building its electric car in the UKBy: Emma HaslettShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleTake that, Brexit naysayers. Not only has the chief executive of Jaguar Land Rover said he wants to build his electric car in the UK ndash; creating thousands ofjobs in the process, reports suggested.In a speech at a meeting of political and aut
polene store omotive leaders last night,Ralf Spethsaid the company is planning to doubleproduction to 1m cars a year by 2020.He added that he wants to make the UK a global centre
polene sac of excellence for battery research and development ndash; althoug
polene h warned that this is dependent on overcoming infrastructure and capacity issues.After the company revealed its I-Pace electric car at the LA Motor Show last week ,Speth said it will be at least partly manufactured in the UK. The Financial Times reported he plans to create 10,000 jobs in the process ndash; although Jaguar Land Rover couldn t comment on the number. It added that business secretary Greg Clark, who was present at the meeting, said the British government couldn t be more aligned with that plan.It s a big leap of faith for the company: some 80 per cent of the 500,000 vehicles it produces a year are exported, and although the government has done its best to give reassurances to the contrary, many of those at the top of t Oetr US state exits stake in GM
Tuesday 22 June 2010 9:42 pmAegon to slash UK overheads and sell US reinsurance armBy: KCS-contentSh
polene areFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleSHARES in Aegon fell yesterday as investors took profits on news the Dutch company would shave a quarter from overheads in its UK arm and sell its US life reinsurance business.The insurance group told shareholders in London it wanted to save pound;80m annually from its British operations by cutting costs by 25 per cent by the end of 2011. The move, which could see 600 staff from A
owala egonrsquo 2,400 employees in Edinburgh made redundant, was met with dismay from unions such as Aegis.Aegon also said i
stanley cup t was looking at divesting Transamerica Reinsurance, the third largest reinsurer in the US, at a book value of around euro;1.6bn pound;1.3bn . Chief executive Alex Wynaendts said the reshuffle would help Aegon repay euro;2bn it still owes the Dutch government for aid during the financial crisis and re-focus its business on higher-growth markets in central and eastern Europe, Latin America and Asia.Nick Holmes, an analyst at Nomura, said the measures would be positive as an accelerated repayment of taxpayersrsquo; money was one of the main potential catalysts for the stock. William Elderkin of Citigroup said it was not clear how Aegon would go about achieving 25 per cent cost reductions in Britain, but added: Aeg
