Jaguar Land Rover's announced plans to build new electric cars at a UK plant, safeguarding thousands of jobs.
But JLR says future investment in Britain can only be guaranteed if Brexit takes place with the 'right deal'.
The firm announced a record annual loss in May due to falling demand in China, Brexit uncertainty, and the shift away from diesel engines.
But it will now build a new electric version of its XJ saloon at its Birmingham factory.
Business analyst David Buik says it's an attempt to launch a turnaround.
IN: "They've been...
OUT: ...filter through."
DUR: 19 seconds
http://www.fsnradionews.com/feeds/0704jag-buik1.mp3
But JLR says future investment in Britain can only be guaranteed if Brexit takes place with the 'right deal'.
The firm announced a record annual loss in May due to falling demand in China, Brexit uncertainty, and the shift away from diesel engines.
But it will now build a new electric version of its XJ saloon at its Birmingham factory.
Business analyst David Buik says it's an attempt to launch a turnaround.
IN: "They've been...
OUT: ...filter through."
DUR: 19 seconds
http://www.fsnradionews.com/feeds/0704jag-buik1.mp3