China approves JLR joint venture
AS widely anticipated, Jaguar Land Rover is to make vehicles in China for the first time after Beijing approved a £1bn joint venture.
The West Midlands carmaker has agreed a deal with Chery Automobile and will build a plant near Shanghai, which is due to open in 2015.
Sales of JLR models in China have risen by 80% so far this year. The new plant is expected to have a capacity of around 100,000 vehicles a year, which may increase subject to demand.
The company, owned by India's Tata Motors, began talks with Chery ... For the full story register now for free or login below...