London Taxi Company creates 1,000 new jobs with £250m investment
26 Mar 2015
Geely has announced that it will invest £250m to build a state of the art new research, assembly and development facility for the London Taxi Company.
This investment will create up to 1,000 new jobs in Coventry, including the introduction of an apprenticeship scheme, as the manufacturer prepares for the introduction of its new range of ultra low emission and electric Black Cabs.
The new facility will see production ramp up to 36,000 vehicles a year by 2018, a ten-fold increase on the company’s current capacity. Geely also announced that these new vehicles will be manufactured using a significantly increased amount of components from the UK and European supply chain, and will be launched in the UK from 2017.
Prime Minister David Cameron said, “Geely’s £250 million investment and the creation of up to 1000 jobs is great news for Coventry and a vote of confidence in our long-term economic plan to back business, create jobs and secure the recovery. It means that more hardworking people will have the financial security that a job and regular pay-packet bring and demonstrates that the UK is open for business. The London Black Cab is iconic around the world and I am pleased that the next generation will have a state of the art production facility in the UK”.
The London Taxi Company’s next generation of low emission Black Cabs have been developed to comply with new regulations for an Ultra Low Emission Zone in London, which will significantly reduce the level of emissions allowed from new taxis.
Mayor of London Boris Johnson said, “The production of zero emission capable vehicles, incorporating the latest state of the art technology, is essential as we strive to create the greenest taxi fleet in the world for London. I warmly welcome Geely’s commitment to building this impressive new factory in Coventry, highlighting the UK’s position as a world leader in the development and manufacturing of ultra low emission technologies. The vehicles this facility produces will help transform London’s taxi fleet, boost jobs and growth in London and the West Midlands, and secure the long-term future of the taxi industry, whilst ensuring everyone who lives, work in or visits our city has the cleanest possible air to breathe”.
London Taxi Company creates 1,000 new jobs with £250m investment
26 Mar 2015
Geely has announced that it will invest £250m to build a state of the art new research, assembly and development facility for the London Taxi Company.
This investment will create up to 1,000 new jobs in Coventry, including the introduction of an apprenticeship scheme, as the manufacturer prepares for the introduction of its new range of ultra low emission and electric Black Cabs.
The new facility will see production ramp up to 36,000 vehicles a year by 2018, a ten-fold increase on the company’s current capacity. Geely also announced that these new vehicles will be manufactured using a significantly increased amount of components from the UK and European supply chain, and will be launched in the UK from 2017.
Prime Minister David Cameron said, “Geely’s £250 million investment and the creation of up to 1000 jobs is great news for Coventry and a vote of confidence in our long-term economic plan to back business, create jobs and secure the recovery. It means that more hardworking people will have the financial security that a job and regular pay-packet bring and demonstrates that the UK is open for business. The London Black Cab is iconic around the world and I am pleased that the next generation will have a state of the art production facility in the UK”.
The London Taxi Company’s next generation of low emission Black Cabs have been developed to comply with new regulations for an Ultra Low Emission Zone in London, which will significantly reduce the level of emissions allowed from new taxis.
Mayor of London Boris Johnson said, “The production of zero emission capable vehicles, incorporating the latest state of the art technology, is essential as we strive to create the greenest taxi fleet in the world for London. I warmly welcome Geely’s commitment to building this impressive new factory in Coventry, highlighting the UK’s position as a world leader in the development and manufacturing of ultra low emission technologies. The vehicles this facility produces will help transform London’s taxi fleet, boost jobs and growth in London and the West Midlands, and secure the long-term future of the taxi industry, whilst ensuring everyone who lives, work in or visits our city has the cleanest possible air to breathe”.