01-11-2012, 07:09pm
Just been reported on Central News at 6PM.
Jaguar Land Rover confirms deal with China
Jaguar Land Rover will soon start building cars in China to meet demand in its fastest-growing market. The company sold more than fifty thousand cars there this year, but heavy importation taxes make them expensive.
Soon, 100,000 cars will roll off the production line in China, but Jaguar Land Rover has always stressed this is to meet extra demand and production will not be shifted from its factories in the Midlands.
In a statement today JLR confirmed the partnership with China:
"Jaguar Land Rover and Chery Automobile Company Ltd can confirm that the joint venture project application has been cleared by the National Development and Reform Commission (NDRC).
"Both Jaguar Land Rover and Chery welcome regulatory clearance for the equal partnership company and will confirm details of its ambitious plan for the joint venture in China at a press conference, after receipt of formal written confirmation.
"We will now follow the official process for incorporation of the JV; neither party is in a position to disclose any additional information or financial terms at this time."
– Jaguar Land Rover and Chery Automobile Company Ltd
Just found this.
Jaguar Land Rover is to start building cars in China as soon as 2014.
The Chinese government has given approval for the car firm to begin a joint venture with Chery Automobile in China.
Under the agreement Jaguar Land Rover will build 30,000 Jaguars, 43,000 Range Rover Evoques and 34,000 Freelanders.
At the moment Jaguars are built at the firm's factory in Castle Bromwich in Birmingham. The Evoque and the Freelander is built at Halewood in Merseyside.
Jaguar Land Rover has consistently said that any plans to build cars abroad would be to meet extra demand.
Today Des Quinn from the union Unite said they welcomed joint venture because it expands the company and will increase profits but there is a note of caution. The union would be concerned if there was any reduction in production in the UK.
It's thought any redesigns required for the Chinese models will be done at the UK.
The production of more cars in China is also beneficial to car parts makers in the Midlands. Sertec supplies parts to Jaguar Land Rover - including parts of the Evoque. According to the managing director, Grant Adams they will begin shipping parts out to China.
Great News for UK jobs. The full news report showed components suppliers, in particular the Evoque.
Apologies for the long post.
Jaguar Land Rover confirms deal with China
Jaguar Land Rover will soon start building cars in China to meet demand in its fastest-growing market. The company sold more than fifty thousand cars there this year, but heavy importation taxes make them expensive.
Soon, 100,000 cars will roll off the production line in China, but Jaguar Land Rover has always stressed this is to meet extra demand and production will not be shifted from its factories in the Midlands.
In a statement today JLR confirmed the partnership with China:
"Jaguar Land Rover and Chery Automobile Company Ltd can confirm that the joint venture project application has been cleared by the National Development and Reform Commission (NDRC).
"Both Jaguar Land Rover and Chery welcome regulatory clearance for the equal partnership company and will confirm details of its ambitious plan for the joint venture in China at a press conference, after receipt of formal written confirmation.
"We will now follow the official process for incorporation of the JV; neither party is in a position to disclose any additional information or financial terms at this time."
– Jaguar Land Rover and Chery Automobile Company Ltd
Just found this.
Jaguar Land Rover is to start building cars in China as soon as 2014.
The Chinese government has given approval for the car firm to begin a joint venture with Chery Automobile in China.
Under the agreement Jaguar Land Rover will build 30,000 Jaguars, 43,000 Range Rover Evoques and 34,000 Freelanders.
At the moment Jaguars are built at the firm's factory in Castle Bromwich in Birmingham. The Evoque and the Freelander is built at Halewood in Merseyside.
Jaguar Land Rover has consistently said that any plans to build cars abroad would be to meet extra demand.
Today Des Quinn from the union Unite said they welcomed joint venture because it expands the company and will increase profits but there is a note of caution. The union would be concerned if there was any reduction in production in the UK.
It's thought any redesigns required for the Chinese models will be done at the UK.
The production of more cars in China is also beneficial to car parts makers in the Midlands. Sertec supplies parts to Jaguar Land Rover - including parts of the Evoque. According to the managing director, Grant Adams they will begin shipping parts out to China.
Great News for UK jobs. The full news report showed components suppliers, in particular the Evoque.
Apologies for the long post.