Jaguar Land Rover to Invest 1 Billion Pounds in Slovak Plant
- Factory in city of Nitra to have 150,000-vehicle capacity
- Slovakia won out over U.S., Mexico, other European countries
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Jaguar Land Rover plans to spend 1 billion pounds ($1.5 billion) on a new car factory in Slovakia, expanding production capacity by about one-third to take on larger luxury-vehicle producers BMW AG and Mercedes-Benz.
The plant, in the western Slovak city of Nitra, will start operating in late 2018 with initial annual capacity of 150,000 vehicles and a workforce of about 2,800 people. That compares with Whitley, England-based Jaguar Land Rover’s deliveries last year of almost 462,700 vehicles. Construction is set to start next year, and the plant may eventually be expanded, the luxury-car unit of Mumbai-based Tata Motors Ltd. said Friday in a statement. Other sites were considered in the U.S., Mexico and elsewhere in Europe, it said.