Jaguar Land Rover has revealed its October sales results. There’s excellent news in China, but the story is mixed elsewhere.
According to a Jaguar Land Rover press release, the star performer of their October sales has been China:
“China continues to perform well with sales up 12%” states the release, “while overseas markets were up 16% compared to the same period in 2016.”
The news is the latest of a number of positive stories for the company in China.
Just a few weeks ago, we reported that Jaguar Land Rover had opened an engine plant in the country.
The facility, in Changshu, is part of its joint venture with Chery Automobile Ltd.
The state-of-the-art facility manufactures the all-new Ingenium 2.0-litre four-cylinder petrol engine for future Chery Jaguar Land Rover vehicles.
That news came just days after we reported that Jaguar is launching a new SUV, which is also going to be built in China.
That’s due to capacity restraints at Jaguar Land Rover’s UK plants, or as the boss Wolfgang Stadler puts it, a desire to grow ‘volume, agility and flexibility’ by building the car elsewhere.
Aug 17, 2018 0
The 2018 Boao Forum for Asia (BFA) annual conference is scheduled for April 8 to 11 in Boao, Hainan Province. The forum will be themed "An Open and Innovative Asia for a World of Greater Prosperity."
— The Daily Mail - People's Daily