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LONDON, England - Jaguar Land Rover has signed a contract to build vehicles in Austria, a further expansion away from its UK base.
The brand, owned by India's Tata Group since 2008, opened its first foreign manufacturing plant in China in October 2014 and is building another in Brazil to expand volumes and bring production closer to key markets.
STAYING PUT
Its three British plants were close to capacity. The automaker said it had signed a manufacturing partnership with Magna Steyr, a unit of Magna International, and would build an unspecified number of models in the Austrian city of Graz.
However, chief executive Ralf Speth sought to reassure customers and employees in Britain, where the firm built almost one in three of the country's 1.53-million cars in 2014, that it was staying loyal to its roots.
Speth said: "The UK remains at the centre of our design, engineering and manufacturing capabilities. Partnerships such as this will complement our UK operations and engineering."
Jaguar Land Rover said it would spend the equivalent of R68.8-billion on new vehicles and capital expenditure through 2015-16 as it expands its range.
