First new UK car plant for more than a decade, creating 1,000 jobs, comes amid industry uncertainty over Brexit
The first new car plant in Britain for more than a decade will open in Coventry on Wednesday, creating more than 1,000 jobs and boosting the automotive industry despite concerns that uncertainty caused by Brexit could hold back new investment.
The London Taxi Company (LTC), maker of the London black cab, is officially opening a plant that will make electric taxis. The factory is being funded with £300m of investment from LTC’s owner, Chinese company Zhejiang Geely Holding Group, as well as a £16.1m grant from the government through the regional growth fund.
Related: Hard Brexit ‘could increase cost of making a car in UK by £2,400’