tag:blogger.com,1999:blog-15313280446136314222011-09-20T11:40:15.472-07:00News Updaternoreply@blogger.comBlogger11100tag:blogger.com,1999:blog-1531328044613631422.post-73771846345857994872011-09-04T02:29:00.001-07:002011-09-04T02:29:34.781-07:00<p class="introduction" id="story_continues_1">Car production could be returning to Browns Lane in Coventry, the former home of a Jaguar plant.</p> <p>Automotive firm CPP Global Holdings Ltd, manufacturers of off-road car Bowler, has signed a land purchase agreement.</p> <p>The firm currently operates from five sites in Coventry, employs 250 staff, and plans to bring its operations to the site.</p> <p>Browns Lane was home to Jaguar car production until it moved in 2005. </p> <p>Production was moved to Castle Bromwich in the West Midlands, although its engineering site is still based in Whitley.</p> <span class="cross-head">'New jobs'</span> <p>CPP signed a memorandum of understanding to buy luxury car producers Spyker in February. This has lapsed but the firm is confident a deal will be completed.</p> <p>The company is purchasing 23 acres of the Browns Lane site from Advantage West Midlands with planning applications to be submitted before the end of 2011.</p> <p>It is hoped redevelopment will start in 2012.</p> <p>Company founder Brendan O'Toole said the news was a decisive moment in his company's strategy to cement Coventry's reputation as a "world-class centre of automotive excellence".</p> <p>His business partner, Vladimir Antonov, said the move demonstrated the firm's commitment to remaining in the heart of Coventry.</p> <p>"It will help CPP to create hundreds of new jobs, establish advanced new facilities and is a major investment into the economy of the city and the surrounding region," he said.</p> <p>Coventry was once home to car production on a large scale.</p> <p>It was home to electric vehicle makers Modec until February when the firm went into administration. </p> <p>London Taxis International, which makes the traditional black cab, still has its headquarters and a car assembly plant in Coventry.</p><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/1531328044613631422-7377184634585799487?l=hgh500.blogspot.com' alt='' /></div>News Updaternoreply@blogger.com0