Gas guzzlers Land Rover and Jaguar ink $1 billion manufacturing deal with Communist Chinese government

11/18/12, “Jaguar Land Rover Launches China Expansion,” Sky News, Mark Stone

“Jaguar Land Rover is to manufacture cars outside the United Kingdom for the first time. The company has entered into a joint venture with one of China’s largest car makers Chery.
The two firms began work to build a factory near Shanghai today….

Executives at Jaguar Land Rover have been in complicated negotiations with their counterparts at Chery for months.

Chery is a state-owned company and Chinese government approval was required before any deal could be signed.

The joint venture project was approved by China’s National Development and Reform Commission last month….

China has become Jaguar Land Rover’s largest market and experts say it has not even begun to reach its potential.

Sales of the company’s cars reached 53,000 there in the first nine months of this year – that’s up 80 per cent from the year before….

Jaguar Land Rover has sold 20,000 Range Rover Evoques this year alone….

The company insists the expansion to China is in addition to their business in the UK and that no UK jobs will be lost as a result.”…



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