Jaguar to build factory in China in joint venture
LONDON (AP) - A new joint venture will for the first time see Jaguars and Land Rovers built in China.
The British luxury car company said Sunday that a deal has been made with the Chery Automobile Company to build the cars at a new factory to be built near Shanghai.
The company says it is a 1 billion pound (S$1.9 billion) joint venture.
The factory will also produce joint-branded cars targeting the Chinese market.