JLR unveils next stage of global plans

Here is how the national media reacted to the news.

Jaguar Land Rover has not yet said which model is likely to be built in Nitra, but Prof Rhys believes it will be a smaller model, possibly with a Land Rover badge.

About £1billion is expected to be invested in the new factory, taking the amount the company has spent on new facilities and products to £11b over the past five years.

Dr Ralf Speth, Jaguar Land Rover’s chief executive, was at pains to stress that the firm will remain anchored in the UK.

If you have reading the financial news involving Jaguar Land Rover, you will know that the British carmaker is experiencing big losses in China. If the deal goes through, the mega facility is also tipped to be producing the Jaguar cars for the entire Europe.

In May, Volvo announced it would build a new $500 million plant near Charleston, S.C. and employ up to 4,000 people.

The feasibility study underway with the Slovakian government will explore plans for a factory with an installed capacity of up to 300,000 vehicles over the next decade.

Central Europe has become an important production hub for carmakers such as Volkswagen, General Motors, Toyota and Hyundai, attracted by the prospect of lower production costs while retaining EU market access. With its established premium automotive industry, Slovakia is an attractive potential development opportunity for us.

Land Rover vehicles are available in India through 22 retail outlets across major cities.

“The expansion of our business globally is essential to support its long-term, resilient growth”, he said.