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RIO DE JANEIRO, Brazil - Jaguar Land Rover plans to build a R5-billion manufacturing plant in Brazil, the O Globo newspaper reported Sunday.
The daily wrote that the Rio de Janeiro factory will be the company's second production facility outside Britain, in addition to one in China. It also has an assembly plant in India.
BETTER DAYS
The new plant will have the capacity to build 50 000 vehicles per year, and is expected to generate around 1 000 jobs.
O Globo reported that Jaguar Land Rover hopes to take advantage of rising consumer demand in Brazil, where the middle class is growing and where incomes have been on the rise.
So far in 2013, the company has sold 9 000 cars in Brazil, an increase of 30% over the same period in 2012.
The daily wrote that the Rio de Janeiro factory will be the company's second production facility outside Britain, in addition to one in China. It also has an assembly plant in India.
BETTER DAYS
The new plant will have the capacity to build 50 000 vehicles per year, and is expected to generate around 1 000 jobs.
O Globo reported that Jaguar Land Rover hopes to take advantage of rising consumer demand in Brazil, where the middle class is growing and where incomes have been on the rise.
So far in 2013, the company has sold 9 000 cars in Brazil, an increase of 30% over the same period in 2012.
