Bentley today announced it has secured a GBP3 million (USD4.80 million or EUR3.43 at the current exchange rates) grant from the Department for Business Regional Growth Fund (RGF), with the company set to use the funds for R&D activities.
The move follows a similar one, which brought the carmaker GBP1.68 million (USD2.69 million or EUR1.92 million at the current exchange rates) earlier this year ans was used to create additional manufacturing jobs and training.
Bentley said it is focusing on new markets, such as China, which has brought record sales for the company, with the carmaker set to develop new powerplants that can cater to the needs of these markets. We’ll remind you that Bentley currently uses a twin-turbo W12 engine, as well as a new twin-turbo V8 powerplant that was co-developed with Audi and should debut at the 2012 Detroit Auto Show in January.
The automaker runs all its activities, from design and engineering, to production and customer service, at one site - the Crewe plant in Chesire, so this is where the new investemnt will be made.
“We need to be doing all we can to enable businesses and organisations to create much needed jobs and inject private investment into the economy. We have announced today that a further 162 projects will benefit from the fund, and expect to deliver a huge number of jobs across their businesses and in the supply chain,” Business Secretary Vince Cable said.
“This is a very significant boost to local communities, and the Regional Growth Fund will help businesses like Bentley drive local growth.”
Our say: we expected hidden info on the Bentley SUV, but it seems that we still have to wait for that.
Bentley said it is focusing on new markets, such as China, which has brought record sales for the company, with the carmaker set to develop new powerplants that can cater to the needs of these markets. We’ll remind you that Bentley currently uses a twin-turbo W12 engine, as well as a new twin-turbo V8 powerplant that was co-developed with Audi and should debut at the 2012 Detroit Auto Show in January.
The automaker runs all its activities, from design and engineering, to production and customer service, at one site - the Crewe plant in Chesire, so this is where the new investemnt will be made.
“We need to be doing all we can to enable businesses and organisations to create much needed jobs and inject private investment into the economy. We have announced today that a further 162 projects will benefit from the fund, and expect to deliver a huge number of jobs across their businesses and in the supply chain,” Business Secretary Vince Cable said.
“This is a very significant boost to local communities, and the Regional Growth Fund will help businesses like Bentley drive local growth.”
Our say: we expected hidden info on the Bentley SUV, but it seems that we still have to wait for that.
Google News