Britain’s Jaguar Land Rover, the luxury automaker wholly owned by India’s Tata Motors, has been reportedly inching closer to a decision on where to build its next European assembly facility, with four possible locations in the eastern part of the continent.
According to a report coming from the Financial Times, the United Kingdom-based automaker has to choose between Poland, Slovakia, the Czech republic and Hungary, with the newspaper citing close to the situation, though the people opted to remain anonymous until an official announcement is made by the company. Jaguar Land Rover has been going through a successful turnaround process since it was acquired by India’s Tata Motors from the second largest US automaker, Ford, back in 2008. The British company even managed to post revenue and earnings margins that helped its parent survive the recent crisis in India, where sales had been plummeting before the election of a new Prime Minister brought much needed political and economical stability.
The United Kingdom-based automaker has been keen on increasing its manufacturing footprint outside the home region where it already has three factories. Jaguar Land Rover recently inaugurated production at an assembly facility in China last year in October and wants to start churning out vehicles in Brazil early next year. The carmaker also wants to deliver more than 500,000 units for the year after its global sales rose to 462,678 autos last year.
Via Automotive News Europe