Exports
Lift U.K. Luxury Car Industry
(Wall Street Journal) Booming demand for Jaguars, Bentleys
and Rolls-Royce luxury sedans is fueling a recovery in the British auto
industry.
Global demand for pricey cars and sport utilities made in
the U.K. has rebounded strongly under their now mostly non-British parents,
which revitalized the brands through multibillion-dollar investments in new
models and U.K. production.
Bentley Motor Cars, now owned by Germany's Volkswagen AG,
says it is investing more than £800 million ($1.2 billion) to build a new
luxury sport-utility vehicle at Crewe in northwest England, creating 1,000 new
jobs.
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