Britains signs deal that includes increased sales of Jaguar Land Rover vehicles to China

Article by Christian Andrei, on January 14, 2011

Britain and China has inked business deals amounting to about GBP2.6 billion ($4 billion) last Monday that include increased sales of Jaguar Land Rover vehicles to China.

The deals were signed during a visit to Britain by Chinese vice premier Li Keqiang, who is likely to become the next Chinese premier. Billions of dollars of deals were announced during Li's visits to Germany and Spain.

A unit of India-based Tata Motors Ltd., JLR has committed to sell 40,000 Jaguar and Land Rover vehicles, worth more than GBP1 billion, in China in 2011.

JLR has three manufacturing plants in Britain. JLR CEO Ralf Speth said the deal to sell more vehicles in China, the world's largest car market, signals the acceleration of JLR's growth plans and also reflects both the importance of the Chinese market to JLR and its value to the U.K. economy.

In October 2010, Tata Motors said JLR was in talks with a Chinese automaker to establish a manufacturing and sales joint venture in China.

Britain's government, which hopes private-sector job creation will bolster economic recovery despite public-sector job cuts, said all the deals would secure 700 jobs in Britain. [via autonews - sub. required]

Topics: china, jaguar, land rover

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Nissan has announced the pricing for its new commercial pickup line. So for those who have been waiting for Nissan’s official price list (plus a little more info), read on… ...
by - December 5, 2016
Sorry folks, the AMG-fied Mercedes-Benz X-Class will remain in the fantasy world. According to some news, the AMG big boss has finally spoken up about why an AMG X-Class is...
by - December 5, 2016
In Japan, Toyota stays in the limelight by always cooking up something new for its famous 86 sports car. A colour orange Toyota 86 performance edition is one that’s hard...
by - December 4, 2016
Back in 2009, Nissan first introduced the Nissan Leaf, the company’s first all-electric vehicle. LEAF stands for Leading Environmentally-friendly Affordable Family car and this particular EV has been considered as...
by - December 3, 2016
In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries