Body shop in Land Rover's Halewood, UK plant.
Brazilian government sources tell Reuters that Jaguar Land Rover will build a new factory in Itatiaia, Rio de Janeiro state, investing about 1 billion reais ($436.9 million) in building and equipping the facility. An official announcement is scheduled for next week and production could being within 2 years. The plant would employ 500 to 700 people. "Everything is very advanced with only minor details to be worked out," said Luiz Carlos Ferreira Bastos, Itatiaia's mayor.
Earlier this month, JLR said that it plans to expand manufacturing and increase production in overseas markets, particularly in China and Brazil. The move follows decisions by BMW, Mercedes-Benz and Audi to build assembly plants, encouraged by government plans to raise taxes on imported vehicles at the same time as it is offering tax incentives to automakers that invest in Brazilian operations.
A JLR representative confirmed the broad outlines of the reports. "Jaguar Land Rover confirms that it is carrying out a study on the installation of a manufacturing unit in the country. At this time, we can not confirm the size of the investment or other details of the study."
The facility will like build a Land Rover branded vehicle.
from The Truth About Cars http://www.thetruthaboutcars.com
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