The car giant is to build a new Range Rover at Halewood, where it already employs about 1,800 workers.
But it will also close a factory in the west midlands, and will decide next year whether that is the plant at Castle Bromwich, which makes Jaguars, or the site at Solihull, which makes Range Rovers.
The firm, owned by Indian giant Tata, said: "As the company reduces engineering complexity for its new product range, west midlands manufacturing will transfer from two plants to one by the middle of the next decade, improving efficiency and cost.
"The entire package of measures does not envisage any compulsory redundancies."
The production version of the Land Rover LRX concept car, to be built next year at Halewood, will be the smallest, lightest and most efficient vehicle the company has produced.
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