(AP-ANSA) - BRATISLAVA - Jaguar Land Rover is opening a new,
$1.6 billion plant in Slovakia, the luxury car maker's first in
continental Europe. The U.K.-based company, owned by India's
Tata Motors, built the plant near Nitra, about 100 kilometers
(65 miles) east of Bratislava, to initially produce 150,000 cars
a year. The Slovak government is giving the carmaker investment
subsidies of up to 130 million euros ($148 million). Slovakia is
a regional car-making powerhouse. Germany's Volkswagen, France's
PSA Peugeot Citroen and South Korea's Kia Motors Corp. all have
a major plant in this Central European country of 5.4 million
people. The company said it will shift all production of its
Discovery model from Birmingham, England, to Slovakia amid
falling diesel sales, vehicle taxes and uncertainty about
Britain's departure from the European Union. (AP-ANSA).
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