– Jaguar Land Rover awarded 2014 Queen’s Award for Enterprise in International Trade, for “outstanding overseas sales growth over the last three years”
– In 2013, Jaguar Land Rover sold 425,006 vehicles, in more than 170 countries; 80% of all vehicles produced in UK are exported
– Award conferred on 21 April 2014; official presentation July 2014
LONDON —— Jaguar Land Rover, the UK’s leading manufacturer of premium vehicles, has achieved a prestigious 2014 Queen’s Award for Enterprise in International Trade, reflecting sustained sales success driven by global exports to over 170 countries.
The award is conferred today, on Her Majesty The Queen’s birthday, citing Jaguar Land Rover’s “outstanding overseas sales growth over the last three years”.
It is one of the most important awards for British businesses. The official award notification to Jaguar Land Rover reads: “Her Majesty The Queen has been graciously pleased to approve the Prime Minister’s recommendation that your business should receive a Queen’s Award for Enterprise in International Trade, this year.”
Exports account for 80% of all vehicles Jaguar Land Rover produces at its three UK manufacturing plants. In 2013, the company sold 425,006 vehicles, up 19% on the previous year. Jaguar Land Rover’s largest export regions are mainland Europe, North America and China, together accounting for 60% of all export sales.
In addition, the company’s share of vehicle sales in regions beyond its traditional major markets in the UK, US and Europe has increased from below 15% in 2008 to more than 40% now, as it has focused on driving a balanced global sales presence.
Dr. Ralf Speth, Jaguar Land Rover CEO, said of the Queen’s Award: “We are delighted and honoured to receive this recognition of Jaguar Land Rover’s contribution to British enterprise. Our success is thanks to our dedicated and passionate employees who create exciting vehicles that are in high demand with customers around the world.
“The more we build our business, the more opportunity we can create to improve the lives of many families, by recruiting and training more people, investing in facilities andcommunities, and strengthening the overall growth of the UK economy.
“This Queen’s Award is the perfect complement to us being named Responsible Business of the Year 2013, in recognising our success internationally as well as the many positive ways we contribute to society.”
Jaguar Land Rover vehicles are all engineered and designed in Britain, with two research and development centres in addition to its three production facilities. The company now employs almost 28,000 people directly in the UK, rising to almost 30,000 globally, with a further 190,000 UK jobs supported in dealerships, suppliers and local businesses.
Later this year, Jaguar Land Rover will open its first all-new engine manufacturing facility – located near Wolverhampton, UK – to produce a new family of advanced, aluminium engines, called “Ingenium”, that will power future Jaguar and Land Rover vehicles. The centre, which was visited in February by Prime Minister, David Cameron, is the product of a £500m investment by the company and will create almost 1,400 new UK jobs. It will also create a further 3,500 highly skilled jobs in the supply chain and the wider UK economy.
Jaguar Land Rover is investing a further £1.5 billion to introduce an all-new, technically-advanced aluminium vehicle architecture in forthcoming models, beginning with the new Jaguar XE premium sedan to be manufactured from 2015 at the company’s Solihull facility, creating 1,700 new jobs.
This is the first Queen’s Award won by Jaguar Land Rover as a single company, but each of the brands has won six times in the past between 1967 and 2008.
In total, Jaguar Land Rover received over 200 international awards during 2013, for its products, its people and its business practices. It is also the only automotive company to hold all three Royal Warrants, as a supplier of goods and services to the households of HM The Queen, HRH The Duke of Edinburgh and HRH The Prince of Wales.
Jaguar Land Rover:
– Jaguar Land Rover has ambitious plans for sustainable growth and profitability.
– The company was named Responsible Business of the Year 2013, by Business in the Community (BITC).
– During 2013, Jaguar Land Rover sold 425,006 vehicles, up 19%. Of that, Jaguar sold 76,668 vehicles and Land Rover sold 348,338 vehicles. In the first quarter of 2014, Jaguar Land Rover sold 124,776 vehicles, up 8%.
– Jaguar Land Rover will invest circa £3.5bn in product creation and capital expenditure, in the financial year to March 2015.
– Jaguar Land Rover is one of the UK’s largest exporters and generates in the region of 85% of its revenue from exports. The company has a worldwide network of 2,520 dealers, spanning more than 170 countries.
– In the 12 months to 31 March 2013, Jaguar Land Rover generated profit before tax of £1.675bn with revenues of £15.8bn.
– Approximately 160 Queen’s Awards have been announced this year, for outstanding business achievement in the fields of International Trade, Innovation and Sustainable Development.
– The awards are made annually by HM The Queen, and are only given for the highest levels of excellence demonstrated in each category.
[Source: Jaguar Land Rover]