UK: JLR puts Brazil assembly plan on back burner
JLR would have begun assembly in Brazil with the Freelander sourced in kit form from its Halewood plant near Liverpool (photo). KD assembly started last year at a Tata plant in India
The chief executive of Tata Motors' luxury vehicle unit, Ralf Speth, said the investment no longer made sense after a court decision that regional governments in the South American country could not use tax breaks to attract foreign investors.
He added the difference between importing vehicles and producing them locally had disappeared.
JLR told the Financial Times last July it was studying a plan to assemble Land Rover Freelander small SUVs from kits in Brazil in order to avoid high import taxes. Trade minister Fernando Pimentel had said the previous November JLR planned to build the factory.
The automaker already assembles Freelanders from kits in India and is currently awaiting regulatory approval in China for a joint venture with Chery Automobile to build Jaguar and Land Rover cars.
Speth said he hoped Brazilian authorities might introduce a new scheme in the next few weeks in which case he would look at potential investment there again.
With European volume OEMs and European offshoots of multi-nationals struggling en masse to achieve some sort of balance between capacity, demand, labour relations and costs, it would be fair to assume...
This QUBE report from just-auto report provides a comprehensive overview of the global material trends sector, major suppliers, top markets, technology trends and market size forecasts. Use this repor...
Brose says it is reinforcing its commitment to its UK manufacturing operations by investing GBP15m in new technology and the latest automation, as well as expanding the workforce....
Tata Motors said it has cut prices of its hatchbacks and sedans by INR29,000-50,000 rupees (US$530-$910), in a bid to attract customers in a market that is on course in the current fiscal year to post...
Details of concepts and new models which made their global debuts at the Geneva motor show on media preview days 5 and 6 March....
- Comment - emissions 'failures' hardly a surprise
- ANALYSIS - supercharged Jaguar XF
- THE WEEK THAT WAS - Diesel developments
- ANALYSIS - 2016 Kia Carnival Platinum
- RESEARCH SNAPSHOT - Moving closer to self-driving
- Ford launches new EcoBlue 'Euro VI' diesel engine
- JLR achieves aluminium recycling milestone
- Ford books record Q1 pre-tax profit
- BEIJING 2016 - world premieres list
- Ford spending $1.6bn on US plants