The British premium marquee Jaguar Land Rover (JLR)owned by Indian automobile major Tata Motors is reportedly planning to invest 100 million pounds ($156.14m) to establish a 5,000 strong factory in China, according to Chinese media reports.
The reports quoted manufacturer CEO Ralf Speth as saying that the program, which will see JLR producing up to 50,000 vehicles annually, will commence as soon as the manufacturer finds a suitable partner. Meanwhile, internal sources from Anhui-based Chery have confirmed that they have already submitted details regarding cooperation with JLR to the appropriate government authorities, with it being only a matter of time before the two manufacturers begin working together.Automobile News
No comments:
Post a Comment