Industry news
CN - Coventry automotive firm to create up to 1,000 jobs
An automotive company says it plans to build a ￡50m production site which will create up to 1,000 new jobs.
CAD CAM Automotive (CCA) in Coventry said there would be a ￡300m investment over five years by itself and Nanjing-based China Red Sun Group, which has taken an undisclosed stake in the firm.
It added it hoped the new site would be in the Coventry area.
The firm supplies car parts to companies including Jaguar Land Rover, Aston Martin and Lotus.
The company, which employs 200 people at Holbrook Lane, said it was "in the process of identifying a development site".
It said ￡50m in total would be spent by the two firms on the new base.
China Red Sun Group employs more than 7,000 people and has a turnover of over ￡2bn, a CAD CAM Automotive said spokesman said.
(Source from: bbc.com)
CAD CAM Automotive (CCA) in Coventry said there would be a ￡300m investment over five years by itself and Nanjing-based China Red Sun Group, which has taken an undisclosed stake in the firm.
It added it hoped the new site would be in the Coventry area.
The firm supplies car parts to companies including Jaguar Land Rover, Aston Martin and Lotus.
The company, which employs 200 people at Holbrook Lane, said it was "in the process of identifying a development site".
It said ￡50m in total would be spent by the two firms on the new base.
China Red Sun Group employs more than 7,000 people and has a turnover of over ￡2bn, a CAD CAM Automotive said spokesman said.
(Source from: bbc.com)
