Jaguar Land Rover clinches deal with Slovakia on new factory

BRATISLAVA (Bloomberg) -- Jaguar Landrover reached an understanding with Slovakia to the building of a brand new factory having a manufacturing capability of 300,000 automobiles a year, the state's authorities said.
The events will signal an expense treaty in the Slovak capital Bratislava on Friday, the cupboard press section without elaborating on information on the job, for example, size of the expense or the level of state assistance offered to the car-maker.
Slovak Economy Minister Vazil Hudak has formerly stated the state offer maximum support available beneath the European Union guidelines to bring one of biggest foreign investment prices, that will improve the nation 's economic productivity.
Slovakia is now an automotive hub in central Europe, hosting assembly crops by Volkswagen, PSA/Peugeot Citroen and Kia, in addition to numerous components manufacturers.
This was among the grounds mentioned by Jaguar-Land Rover for its August choice to decide eur-participant Slovakia over Poland as a preferable place for the manufacturing plant.
The manufacturing plant will soon be situated in Nitra, western Slovakia, and is likely to rollout its first automobiles in 2018.
JLR signed a letter of intent in August to construct the plant in Slovakia after the firm had contemplated the Czech Republic, Hungary, Poland, Slovakia, the United States and Mexico as potential sites for the manufacturing plant.
JLR, which Ford sold to India's Tata Motors in 2008 for $2.3 billion, is growing out of its UK homebase. After starting a manufacturing plant in China a year ago, JLR will begin output in a Brazilian plant next year.
The Jaguar brand is vigorously challenging German superior opponents together with assistance from execs have almost a century of expertise at BMW.
Contact Automotive News

Labels:

Generation
Slovakia

Jaguar Landrover corporate

Marketing

Read Source

10.12.2015
ID:3383

More news from this source:

1. Tell us about retail high achievers under 40
2. Suits target price-fixing parts makers
3. Soaring on the wings of the snowbirds
4. Volvo recalls 59,000 cars over software fault
5. Hyundai Ioniq targets Prius, but not in sales