Report: Chinese company will buy Jaguar Land Rover plant

Article by Christian A., on August 26, 2010

Later this month, Jaguar Land Rover's interior production facility in England will be acquired by Ningbo Huaxiang Group, a private auto interiors supplier located in east China's Zhejiang province.

The Zhejiang Daily reported that Huaxiang subsidiary Lawrence Automotive Interiors (LAI), which is based in Nottingham, England, will make the purchase.

The paper reveals that the purchase will be completed later this month, with Huaxiang paying 15 million pounds (about $22.7 million).

The plant located in Coventry, England, provides both wood and carbon fiber interior panels to Jaguar and Land Rover vehicles. Upon completion, this plant will be Huaxing's second acquisition in the UK.

It previously acquired LAI, a luxury car interior supplier, in 2006. The paper reports that the acquisition of the Jaguar Land Rover plant will reinforce Huaxiang's ability to supply luxury brands.

In China, Huaxiang is the main supplier for carmakers operating in eastern China, including Shanghai Volkswagen Automotive Co., Shanghai General Motors Co., the Nanjing plant of Changan Ford Nanjing Co. and Chery Automobile Co.[via autonews - sub. required]

Topics: jaguar, china, land rover

If you liked the article, share on:

Comments

Recommended

We first heard of the fifth generation SEAT Ibiza earlier this year, and last week, the company finally revealed the all-new Ibiza at the international launch in Barcelona. The new...
by - May 22, 2017
The aftermath of the Takata airbag recall still largely resounds in the automotive industry, as big automotive companies like BMW, Mazda, Subaru and Toyota were extensively hit with what is...
by - May 22, 2017
Amid reports that major rival Volkswagen would cease producing 2016 and 2017 model year diesel cars following the wake of the "Dieselgate" scandal, it’s believed that Chevrolet sees its opportunity...
by - May 22, 2017
Honda recently whips out a new feature for the S660 Bruno Leather Edition. Any guesses? Well, it’s going to be an iPhone app that goes by the name Rev Beat....
by - May 22, 2017
And so it goes, Ford is not at all closing its doors to an all-electric F-150 pickup. The American manufacturer initially laid out its plans for an F-150 hybrid earlier...
by - May 22, 2017
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