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| Jaguar seals 'significant' order | Jaguar seals 'significant' order |
| (31 minutes later) | |
| Jaguar Land Rover has announced a deal to supply a Chinese company with 13,000 vehicles, providing a dose of good news for the beleaguered UK car industry. | Jaguar Land Rover has announced a deal to supply a Chinese company with 13,000 vehicles, providing a dose of good news for the beleaguered UK car industry. |
| Jaguar said it was "a very significant" order, and was particularly welcome at "this challenging time". | Jaguar said it was "a very significant" order, and was particularly welcome at "this challenging time". |
| The order, for both Land Rover and Jaguar cars, comes as many carmakers have cut jobs after falling sales. | |
| Jaguar, which has plants in Solihull and Halewood, has asked staff to take a one-year pay freeze and four-day week. | Jaguar, which has plants in Solihull and Halewood, has asked staff to take a one-year pay freeze and four-day week. |
| Staff will vote on the move next week, which would guarantee no compulsory job cuts. | Staff will vote on the move next week, which would guarantee no compulsory job cuts. |
| Three-year deal | Three-year deal |
| Jaguar Land Rover, which is owned by India's Tata Motors, said it had signed a memorandum of understanding to supply the vehicles to one of its major business partners in China over a three-year period. | Jaguar Land Rover, which is owned by India's Tata Motors, said it had signed a memorandum of understanding to supply the vehicles to one of its major business partners in China over a three-year period. |
| China was the company's fifth-largest market. Last year, it sold 2,000 Jaguars and 11,000 Land Rovers there. | China was the company's fifth-largest market. Last year, it sold 2,000 Jaguars and 11,000 Land Rovers there. |
| Car sales in China, as elsewhere, have fallen, but the slump has been less severe than in the UK and US. | |
| In December, China leapfrogged the US to become the world's largest car market, after figures showed there were more cars sold in China than the US that month. | |
| Meanwhile, Rolls Royce has signed a $1.2bn (£841m) agreement to supply airline engines to China's Hainan Airlines. | |
| Rolls Royce will supply engines for 20 Airbus A330 aircraft and carry out services on the equipment, the company said. | |
| The deal was signed as Business Secretary Lord Mandelson met China's commerce minister, Chen Deming, in London. |