"We have informed our unions that Jaguar Land Rover intends to
end our petrol engine supply arrangement slightly earlier than
expected in late 2020," Ford said in a statement.
"Given our long-established and successful relationship in the
delivery of world-class engines, this is disappointing news for
the Ford Bridgend Engine Plant."
JLR is ending the long-standing relationship in September 2020,
three months earlier than planned, a source close to the
arrangements said.
Around 750 workers, about half of the plant's total, are
dedicated to JLR production, the source said.
Ford said it would "continue to look at other high technology
opportunities for Bridgend in the future."
JLR, owned by India's Tata Motors <TAMO.NS>, opened a new engine
plant in England's West Midlands in 2014, and in 2015 announced
a plan to double its size, taking total investment to about 1
billion pounds ($1.3 billion).
The company said that in line with its contract it had served
the required three years notice to Ford for the supply of the 6
and 8 cylinder petrol engines from its Bridgend plant.
"Ford has been, and remains, an important strategic supplier to
Jaguar Land Rover under an agreement which was negotiated to
support our business until the end of the decade," it said.
(Reporting by Paul Sandle; Editing by Kate Holton and Mark
Potter)
[© 2017 Thomson Reuters. All rights
reserved.] Copyright 2017 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
|
|