Ineos to build new 4x4 vehicle in Bridgend

  • 📰 BBCNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Bridgend site to produce Land Rover-inspired Ineos 4x4

It is not known how much public funding Ineos will receive, but it is planning to invest £600m in the new car, inspired by the original Land Rover Defender which went out of production in 2016.The new model is likely to face significant competition.

BMW will supply the engines, and engineering assistance will be provided by another German company, MBTech. "The decision to build in the UK is a significant expression of confidence in British manufacturing," he said. The Secretary of State for Wales Alun Cairns described the Ineos investment as a"welcome boost" and said they had been supporting the industry through their industrial strategy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines