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Jaguar Land Rover factory closure

Jaguar Land Rover are to close one of their production facilities in the Midlands JLR unions have already brokered a deal to ensure no job losses in the short term, but JLR are committed to rationalising their manufacturing across just two plants in the UK, instead of the existing three. The decision will be made about which plant to close in the next eighteen months. The most likely scenario is that JLR will close Solihull – which currently produces Land Rovers and employs 5000 people – and concentrate Land Rover production at Halewood.

Aston Martin to continue with V12 engine as well as new Mercedes AMG V8

Aston’s Flagship cars, like the Vanquish (pictured) will still offer the V12 engine Aston Martin has certainly been looking to the future with renewed optimism over the last year as a series of deals gave them a lifeline to remain competitive in an increasingly corporate car world. Extra funding came in thanks to the involvement of Investindustrial’s new stake in Aston Martin, and a deal has been done with Mercedes AMG to supply new V8 engines and electronic architecture. Not only that, but Aston Martin are developing a new platform for their future range of cars, with the biggest investment in Aston Martin’s history.

Caterham sells F1 team

Caterham The Caterham Formula 1 team has been sold to a consortium of Swiss and Middle-Eastern investors following a poor season so far in 2014. Rumours that Caterham would cut its losses have been rife, since team founder Tony Fernandes threatened to quit if things didn't improve this year. The team is currently bottom in the championship and Fernandes hinted of an exit last week, when he tweeted “F1 hasn't worked, but love Caterham Cars.” Graham Macdonald, Caterham Group CEO: “Firstly I want to thank everyone who was involved in the F1 team for all their hard work and dedication since the team’s first days in 2009.