Jaguar Land Rover to open Slovakia plant

Jaguar Land Rover to open Slovakia plant

Luxury car maker Jaguar Land Rover has announced it is to build a new £1 billion factory in Slovakia.

The company, which is owned by India's Tata Motors, signed a deal with the Slovakian government to open a plant near the city of Nitra, about 65 miles west of the capital Bratislava.

The factory, which is due to open in 2018, could create up to 4,000 jobs and produce up to 300,000 cars a year.

Robert Fico, the prime minister of Slovakia, called the deal a "great success" for his country after a signing ceremony.

Slovakia is known for being a regional car-making powerhouse, with Germany's Volkswagen, France's PSA Peugeot Citroen and South Korea's Kia Motors Corp all having a major plant in the central European country, which has a population of 5.4 million.

Jaguar Land Rover, whose global headquarters are in Coventry, has plants around the UK, including Halewood in Merseyside.

Ralf Speth, the company's CEO, has insisted that the group's international expansion does not lessen its commitment to the UK.

He says the "heart of our company" will always be in the UK, where the firm's design, technology and manufacturing facilities are based.

"It is our creativity and innovation which makes Jaguar Land Rover the leading boutique automotive brand, offering exceptional products for our customers."

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