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Jaguar Land Rover to create jobs
As the majority of car manufactures look to close factories due to a significant decrease in demand, Jaguar Land Rover look to open a new one or develop a new site. Jaguar Land Rover has recently announced an increase in sales of 30% for 2012 creating a record year for profits for British company.
The British company that is steeped in history has seen a significant growth in terms of demand for the vehicles it has recently produced, resulting in the need to produce more models and therefore the need to appoint more staff. Hyundai have also seen a significant increase in demand and are expecting 2013 to be a year of record sales but still fall short in terms of meeting demand.
It seems to be one of two stories across the range of mass market manufacturers, as they either look to increase production numbers due to the increase of demand or look to close production plants due to a lack of demand.
The source of the problem for many, is the struggling state that is the European economy. For almost all manufacturers sales have decreased in Europe and only the U.K have seen an increase in sales for 2012.
Manufacturers who rely on sales in Europe such as Fiat and Peugeot Citroen have had a hard year in terms of sales as they both look to increase sales in growing economies such as China and the U.S. Peugeot Citroen have also received a payout from the French Government to prevent the planned closure of a plant in France.
The manufacturers who are doing exceptionally well in the current market are those who have solely focused there efforts on sales in China and the U.S. Land Rover are also on the verge of signing a written contract with aluminium suppliers in Saudi Arabia as they look to produce their new models in the country as soon as the production material regulations kick in.