Saturday, September 22, 2012

Jaguar Land Rover 'gets NDRC's nod' For JV plant with Chery





The biggest foreign players in the mainland's luxury car sector may soon face a new challenge, with Jaguar Land Rover's apparent breakthrough in its plan to make its vehicles locally in the world's largest car market.


Del Sehmar, a spokesman for Tata Motors' Jaguar Land Rover in Mumbai, told Bloomberg yesterday that China's National Development and Reform Commission had verbally approved an application made by the company and Anhui-based Chery Automobile to establish a joint venture and build vehicles in China.









via Business feed http://www.scmp.com/business/china-business/article/1042692/jaguar-land-rover-gets-ndrcs-nod-jv-plant-chery

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