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Government offers £27m grant to Land Rover to build new car
11 Mar 2009The Government has offered a grant of up to £27 million to motor giant Land Rover to build a new vehicle, it was announced today.
The company will make a decision later this year on whether to go ahead with the £400 million project at its factory at Halewood on Merseyside.
The car will be based on Land Rover's LRX Concept vehicle, first shown at the Detroit Show last year, and would be the smallest, lightest and most efficient it has ever produced.
Phil Popham, managing director of Land Rover, said: "We welcome the Government's support for this project, which would form a key part of our future product plans and which we very much want to put into production."
Reader views (1)
Interesting coincidence, Jaguar Land Rover’s owner is spending roughly this amount of money on sponsoring the Ferrari F1 team, and is of course a major sponsor of the Labour Party.
While I welcome supporting the workers, this money should be a loan or in exchanged for shares. As it is it is money for the sole benefit of the owner. No pay back, no hope of later recycling it later for the benefit of other workers.
- Ian, Reading, England, 11/03/2009 13:12
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